World Liberty Fi Moves AVAX, SEI and MOVE

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A World Liberty Financial address has transferred all of their MOVE, SEI and AVAX tokens out to unknown address, 0x038. The transfer consisted of 7.581M MOVE ($1.28M), 5.983M SEI ($1.17M) and 103,911 AVAX ($2.06M). The new holding address has since transferred the MOVE tokens to a deposit address managed by Ceffu, an institutional crypto asset management platform, presumably for sale. World Liberty Financial addresses had previously acquired these tokens between the prices of $0.41 and $0.55, locking in a loss of ~60-70% on their MOVE holdings.

The transfer of multiple large-cap assets simultaneously, followed by the immediate move of MOVE tokens to an institutional platform, suggests a decisive and strategic exit from these positions. This substantial realized loss on MOVE highlights the severe financial impact the holder was willing to accept.

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The sale of the MOVE tokens is likely linked to the recent scandal involving Movement Labs ex-cofounder, Rushi Manche, and a rogue market maker. Rushi Manche has since been removed from Movement Labs, with exchanges such as Coinbase announcing the delisting of the token in the coming days. 

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The connection between the sale and the recent scandal is hard to ignore. Such negative events, culminating in delistings from major exchanges, often trigger rapid sell-offs as holders race to exit their positions before liquidity disappears completely.