According to the latest development, Coinbase is delisting Movement (MOVE).
The official announcement did not clearly state the reason for the delisting decision. The exchange announced that it regularly inspects whether listed altcoins comply with listing standards and as a result, the decision to delist MOVE was made. The delisting process will take place on May 15.
MOVE was recently rocked by allegations that a market maker it was affiliated with inflated the price of MOVE when the coin was first launched. Movement Labs, the developer community company behind MOVE, has launched an investigation into the matter.
*This is not investment advice.
