Movement Labs Files for Bankruptcy Amid Near-Zero On-Chain

ActivityAccording to data from DeFiLlama, daily application revenue on the Movement chain has remained consistently below $800 since November 2025. On-chain daily fees have stayed in the single digits for months, with just $1 recorded in the past 24 hours.

Despite this prolonged lack of meaningful activity, the project raised a total of $141.4 million in funding. Its token now carries a fully diluted valuation of approximately $107 million—representing a decline of more than 99% from its all-time high.

Movement Labs, the developer behind the project, has filed for bankruptcy.

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#ShortSignal #TradingSignals

This isn't financial advice, but I think it would be foolish not to go short on the position 😎

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