MOVE Coin Faces Rapid Decline Despite Prominent Backing

By: cointurk|2025/05/16 01:15:05
0
Share
copy
A significant number of altcoins survive only a single cycle, with some vanishing in an even shorter time span. Despite being a newly launched project and receiving support from well-known figures, MOVE Coin experienced a swift demise. The price consistently dropped, and there are contentious reasons for the losses encountered. Mystery Behind MOVE Coin’s Fall MOVE Coin, supported by Donald Trump’s World Liberty Financial, came into the spotlight with serious allegations. The distribution of tokens in the background fueled the discussions. Movement Labs allocated a large portion of the MOVE supply to a few advisors before the official launch, and this was kept secret. When a significant portion of supply is covertly distributed to unknown individuals, one cannot expect the crypto venture to sustain itself. That was the case here, and MOVE Coin investors justifiably made swift sales to withdraw from the project. According to documents examined by Coindesk, the company promised a single advisor $2 million annually. Shadow advisors, secret token allocations, and the decisions made by a young 23-year-old founder led to the adversity faced by the WLFI-backed token. Documents reveal that Movement Labs’ advisors Sam Thapaliya and Vinit Parekh received 5% and 2.5% shares of the tokens, respectively. Co-founders Rushi Manche and Cooper Scanlon parted ways after public disputes on social media. All these factors made it difficult for MOVE Coin to survive in the long run. Distribution of MOVE Coin Supply The supply was distributed as follows according to the available documents, with shadow advisors kept undisclosed: 5% of MOVE supply to Sam Thapaliya for marketing and market-making activities. 2.5% of tokens through various agreements to Sam. 2.5% of the supply to “Digital Incubation Group” linked to Vinit Parekh. A condition to pay Parekh’s company $50,000 annually for every $1 million funds raised by Movement Labs. 5% of the supply to Chinese market maker Web3Port. These allocations were made. Coinbase announced the suspension of MOVE token transactions as of May 15, and following all these developments, expectations regarding the token’s future have been significantly undermined. The altcoin , which has been in decline for 157 days, eroded 86% and, after hitting a low of $0.15, is now hovering around $0.20.

You may also like

AI within artillery range

“The cloud” is a metaphor, but the data center isn’t.

March 4th Market Key Intelligence, How Much Did You Miss?

1. On-chain Flows: $39.6M USD inflow to Hyperliquid today; $29.7M USD outflow from Base 2. Largest Price Swings: $EDGE, $POWER 3. Top News: Altman defends Pentagon deal at all-hands, calls backlash "really painful"; OpenAI also seeking NATO contracts

Taking Stock of Crypto's Washington Power Players: Who is Advocating for US Crypto Regulation?

These institutions have jointly defined the industry's underlying values, marking the U.S. crypto industry's shift to a "professionalized, ecological, and refined" era of policy gamesmanship.

DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


Uncovering YZi Labs 229 Investment: Over 18% of the portfolio is already inactive, with an average project transparency score of 78

In terms of strategic direction, YZi Labs has begun to extend into areas such as AI and stablecoins, but overall it is still in the layout and validation stage.

The business of crypto VC is becoming promising

Homogenized industries are ultimately fragile; only when different species can emerge does the market truly come alive.