🌕 Gate Square · Mid-Autumn Creator Incentive Program is Live!
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Today's Hot Topic: #MyTopAICoin#
Altcoins are heating up, AI tokens rising! #WLD# and #KAITO# lead the surge, with WLD up nearly 48% in a single day. AI, IO, VIRTUAL follow suit. Which potential AI coins are you eyeing? Share your investment insights!
💡 Post Ideas:
1️⃣ How do you see AI tokens evolving?
2️⃣ Wh
Movement Labs investigates the controversy surrounding the market-making protocol involving 66 million MOVE tokens.
According to the Gate.io News bot and CoinDesk, Movement Labs is investigating a market-making protocol. The protocol grants control over 66 million MOVE tokens to an undisclosed identification middleman, resulting in a $38 million dumping during the token's initial trading.
The investigation shows that Rentech participated in the trading as an agent of the Web3Port subsidiary and the Movement Foundation. Foundation officials previously commented on the protocol: "this is probably the worst agreement we've ever seen". The protocol designed a mechanism to inflate the MOVE price before dumping the Token to retail investors.
Source: CoinDesk