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Movement Labs Fires Co-Founder Rushi Manche

The much-hyped crypto startup garnered criticism after CoinDesk leaked a number of controversial agreements the firm held with market makers.
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May 7, 2025 • 1 min read

Movement Labs terminated co-founder Rushi Manche over undisclosed MOVE token deals, shaking confidence and plunging token prices.

What’s the Scoop?

  • Leadership Termination: Movement Labs has severed ties with co-founder Rushi Manche following undisclosed token deals and governance concerns.
  • Token Market Impact: MOVE token prices dropped 8.5% in the past 24 hours as news of Manche’s termination spread.
  • Governance Controversy: CoinDesk reports exposed secret agreements, shadow advisors, and hidden payment flows tied to the MOVE token launch.

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