Markets
$141M Fundraise to $8 Daily Fees: Movement Labs Files for Bankruptcy
CryptoPotato·July 22, 2026·1 min read
Movement Labs filed for bankruptcy after raising $141 million and generating $8 in daily fees. The MOVE token trades over 99% below its all-time high of $1.45 and hit an all-time low two days ago. The collapse highlights the risks of high-valuation crypto projects with weak fundamentals.
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