In a recent announcement, global crypto exchange Binance has added a monitoring tag to Movement Labs’ native token, MOVE, following a series of turbulent events. The decision comes shortly after the protocol rebranded to Move Industries and removed co-founder Rushi Manche amid a market maker scandal.
Binance stated that the monitoring tag is reserved for tokens that exhibit “notably higher volatility and risks” compared to others on the platform. This tag signals potential delisting if a token fails to meet the platform’s listing criteria during periodic reviews.
Multiple Tokens Under Watch
MOVE isn’t the only token under scrutiny. Binance also applied the monitoring tag to several other assets, including:
ALPHA (Stella)
HIFI (Hifi Finance)
LEVER (LeverFi)
PORTAL
REI (Rei Network)
These tokens will now undergo constant evaluation under Binance’s guidelines. If they continue to demonstrate poor performance or volatility, they face potential removal from the exchange.
Price Impact: MOVE and Others Plummet
Following the monitoring tag announcement, MOVE plunged over 12% in just 24 hours, extending its monthly losses to nearly 50%. At press time, MOVE is trading around $0.15, down from $0.16 after the rebrand was announced.
Price chart for MOVE in the past 24 hours of trading, May 7, 2025 | Source: CoinGecko
Other tokens also saw declines:
REI dropped by 12.5%
ALPHA slipped over 5%
PORTAL suffered the worst fall with a 17.1% loss
Interestingly, HIFI and LEVER managed to defy the trend, posting gains of 4.4% and 12.8% respectively in the same time frame.
Stricter Trading Rules for Flagged Tokens
With the monitoring tag in place, Binance users face added hurdles to trade these tokens. Traders must now complete a quiz every 90 days and re-acknowledge Binance’s terms of use to continue trading on both the Spot and Margin platforms. This measure is aimed at ensuring users are fully aware of the heightened risks involved.
