Movement transferred 50 million repurchased MOVE to Binance

Techub News, according to monitoring by X user Yujing, an address marked as Movement transferred 50 million repurchased MOVE (approximately $2.51 million) to Binance 7 hours ago. Movement was required to conduct a $38 million token buyback in March, after which they withdrew 180 million MOVE from Binance to the on-chain public address for the buyback, with an average repurchase price of about $0.21. However, after completing the buyback, they subsequently transferred the repurchased MOVE back to Binance. So far, 115 million of these repurchased MOVE (approximately $10.91 million) have been transferred back to Binance.