Binance has delayed the second round of its MOVE token airdrop, which was initially planned for mid-2025, because of persistent problems and uncertainty surrounding the Movement project.
In a May 7 statement, Binance stressed that protecting users is still the utmost priority. The exchange also assured users that the MOVE tokens collected are kept in a publicly visible wallet to ensure maximum transparency during the waiting period.
The delay was decided on shortly after the Movement Foundation transferred the tokens for the Launchpad airdrop. But Binance cited the necessity of more transparency and guidance from the project before they could continue.
The airdrop was part of a previous agreement that said qualifying Binance users would receive 5% of the MOVE token supply, roughly six months after the token was listed on the spot market.
After this move, the token fell by around 10%, quoted at $0.15 vs. USDC and 0.0002607 BNB, indicating increasing anxiety among investors. Earlier in April of 2025, the token dropped 16% following a delisting on Coinbase. It was also subjected to a $38 million loss caused by a malicious market maker. Such incidents have caused a critical breakdown of investor trust.
In order to resolve the crisis, the Movement Foundation recently introduced fresh leadership through a rebranded organization called Move Industries. The move also entails suspending co-founder Rushi Manche and promoting Movement Labs’ initial team members to leadership positions. Torab Torabi will serve as the new CEO and ecosystem architect, and Will Gaines as President and CMO.
Move Industries states its greatest priorities are to unveil the postponed Movedrop, rebuild the relationship with the community, and repair the way the project is governed. The new team has vowed to be more transparent and communicative by having frequent town hall meetings and being more diligent in selecting future partners.
Getting the trust of the community back will not be easy, however, despite these efforts. When the airdrop was delayed and the value of the MOVE token crashed, many of the fans were upset.
Also Read: Move Coin Crash: How Pump and Dump Doomed a $100M Project
