When will the events in the Altcoin shaken by Coinbase's delisting end? The co-founder was dismissed, but bad news came from Binance! "Airdrop postponed!"

Coinbase has put a stop to the ongoing events related to Movement Labs, which has been at the center of discussions recently after allegations of manipulation and its delist.

After Coinbase's delist decision, Movement Labs announced that it had suspended co-founder Rushi Manche due to a market manipulation scandal.

Now, however, Movement Labs announced that co-founder Rushi Manche has been terminated due to inappropriate behavior.

The altcoin team stated that more details regarding leadership changes and a renewed management structure will be shared in due time.

"Movement Labs has removed Rushi Manche from his position. Movement will continue under a different leadership.

Details regarding leadership changes and the renewed management structure will be announced soon.

Binance MOVE Airdrop has been postponed!

While Movement Labs announced layoffs, Binance also announced that the MOVE airdrop has been postponed.

Binance announced in its official statement that it has postponed the HODLer Airdrops for Movement until it gains more clarity on the ongoing developments of the project.

"We announced that approximately six months after Binance's first spot listing in December 2024, an additional HODLer Airdrops for Movement (MOVE) ( is planned to launch, accounting for 5% of the total supply ).

Due to ongoing developments related to the Movement project, we have decided to postpone the MOVE HODLer Airdrops until the project provides more clarity on the situation.

As it will be remembered, the incident was first revealed by Binance. Binance found that the majority of its MOVE token was sold by a market maker called Rentech, which claimed to be linked to Web3Port. Binance later revealed that the price of MOVE was manipulated by the market maker.