What Is Movement (MOVE)? How It Works, Tokenomics and Risks

Movement Network is a layer 1 blockchain built on the Move programming language, which its official site says Meta originally developed for financial asset use cases. Its native token, MOVE, pays transaction fees and is used for staking to help secure the network. As of October 24, 2026, MOVE trades at $0.007047 with a market cap of $32.85 million, ranking #609 by market cap on CoinGecko.

MOVE at a glance

Data as of October 24, 2026.

The problem it's trying to solve

Movement describes itself as the settlement and yield layer for emerging markets, with the tagline "Where Money Lives" on its official site. According to that site, $685 billion moves across borders every year, and most of it still clears in 3 to 5 days through infrastructure built back in the 1970s.

At the same time, Movement claims $265 billion in stablecoins are already circulating, but the settlement layer that actually lets those stablecoins move quickly between platforms and countries is, in its framing, still missing. The project specifically targets Africa, the Middle East and North Africa (MENA), and South and Southeast Asia as regions it believes are ready for better cross-border payment rails. The official site even cites a concrete example: a remittance route to Mexico launched over WhatsApp with partners called El Vecino and RISE.

How Movement works

Movement's main network is called Movement M1, a layer 1 chain that runs on the Move programming language. Move uses a resource-oriented programming model, meaning digital assets are treated as unique objects that can't be accidentally duplicated or lost, similar to how physical goods behave. This model was originally designed by Meta for high-security financial transactions and has since been adopted by other public blockchains beyond Movement.

Official documentation describes the network as built for high-performance execution alongside strong security, aiming to make Move more accessible to developers everywhere. Notably, the MOVE token itself exists across more than one chain at once, appearing on Movement, Base, Ethereum, HyperEVM, and Hyperliquid. This indicates the token has been bridged or wrapped into several other ecosystems beyond its native chain, a common approach to make liquidity accessible across multiple DeFi platforms.

What the MOVE token is used for

Based on CoinGecko's official description and project documentation, MOVE serves two primary functions. First, it pays transaction fees (gas) on the Movement network. Second, it's used for staking, which validators or network participants use to help secure the chain through its consensus mechanism.

Beyond these two core functions, the sources we reviewed don't specify whether MOVE is also used for governance voting, liquidity incentives, or other mechanisms. If additional utility exists, the details haven't surfaced in the official materials available for this profile.

MOVE tokenomics

MOVE's total supply and maximum supply are both fixed at 10 billion tokens, with no additional inflation mechanism beyond that cap based on available data. As of October 24, 2026, circulating supply stands at 4.66 billion tokens, or roughly 46.6% of the total.

The gap between market cap ($32.85 million) and fully diluted valuation ($70.48 million) is fairly wide, nearly double. That means more than half the token supply hasn't hit the open market yet. Unfortunately, the breakdown of token allocation, whether for the team, investors, treasury, or community, along with any future unlock schedule, isn't listed in the sources used for this article. Readers who want full allocation and unlock details should check Movement's official tokenomics documentation directly, since that data wasn't available in the materials we verified.

Team, funding, and brief history

The sources available to us don't name specific founders, team backgrounds, funding rounds, or a precise mainnet launch date. What we can confirm is an official project account on X under the handle @movementfdn, suggesting a foundation entity behind the project, and a code repository on GitHub under the movementlabsxyz organization.

Given these limitations, we can't verify claims about investors, amounts raised, or a full project timeline. Readers who need that level of detail should look for crypto media coverage or additional official documents beyond what's covered in this profile.

Market and on-chain data

MOVE's all-time high was $1.4500, set on December 9, 2024. Compared to the price on October 24, 2026 of $0.007047, the token has corrected roughly 99.5% from its peak. CoinGecko recorded a 90.4% decline over the past year, and a 22.4% drop over the last 30 days.

On Binance Futures, the MOVEUSDT contract trades at $0.007041, down 2.00% in the past 24 hours, with daily volume of $1.5 million. The funding rate sits at 0.0050% per period, a relatively low, near-neutral figure. Funding rate is a periodic payment exchanged between long and short traders in a perpetual futures contract; a positive rate like this suggests slightly more pressure from the long side, though the small size here doesn't point to an extreme sentiment in either direction.

Open interest, the total value of outstanding futures contracts not yet closed, stands at $1.6 million, down 21.4% over 30 days. A declining open interest usually signals traders are trimming their leveraged exposure to a token, whether from profit-taking, stop losses, or fading interest. The long account ratio on Binance Futures is 58%, meaning more accounts hold long positions than short ones, though with such a small open interest base, this figure can swing quickly if just one or two large accounts shift position.

The 90-day Binance Futures data shows an 18.0% price decline, slightly different from CoinGecko's 30-day figure due to differences in timing and data source (spot versus futures).

Competitors

Note: specific market data for these competitors isn't part of the materials verified for this article, so the comparison above is strictly about positioning and technology, not price or market cap.

MOVE risks

A few concrete risks worth tracking with MOVE:

• Sharp price correction. MOVE has fallen roughly 99.5% from its $1.45 ATH in December 2024 to $0.007047 as of October 24, 2026. Steep post-listing drawdowns like this are common among newer tokens, but they still signal high volatility.
• Low circulating supply relative to total supply. Only 46.6% of the 10 billion token supply is currently circulating. The wide gap between market cap and FDV suggests potential additional sell pressure if the remaining tokens enter the market, though our sources don't include a specific unlock schedule to confirm timing.
• Thin liquidity. Open interest on Binance Futures is just $1.6 million and has shrunk 21.4% over 30 days. Daily volume on futures ($1.5 million) and spot ($4.14 million per CoinGecko) are both small compared to larger tokens, meaning relatively modest orders can move the price more sharply.
• Limited transparency on team and tokenomics. The sources we checked don't disclose founder names, funding structure, or allocation details. That lack of transparency makes it harder for investors to assess concentration risk or potential large unlocks down the road.
• Reliance on an unproven narrative at scale. The remittance and stablecoin settlement model for emerging markets (Africa, MENA, South and Southeast Asia) remains largely a claim on the official website, backed by limited case studies like the Mexico remittance partnership. No large-scale adoption data appears in the sources we used.
• Cross-chain bridge risk. Since MOVE exists across five different networks (Movement, Base, Ethereum, HyperEVM, Hyperliquid), there's added exposure to bridge security, historically one of the most frequently exploited weak points across the crypto industry.
• Regulatory risk. Crypto assets, especially those targeting cross-border payment and remittance use cases, can face varying regulatory scrutiny across jurisdictions, including anti-money laundering compliance.

How to buy and trade MOVE in Indonesia

Our data records a Binance Futures contract under the symbol MOVEUSDT. For Indonesian traders interested in trading MOVE via futures, it's worth remembering that this involves leverage, which amplifies both potential gains and losses. With open interest already small and shrinking, as noted in the market data section, slippage and sudden price swings are factors to weigh carefully.

In Indonesia, crypto asset trading, including MOVE, falls under OJK oversight (which took over this supervisory role from Bappebti). It's advisable to trade through officially registered exchanges rather than unlicensed platforms, for legal protection and tax clarity. Before opening a futures position, make sure you understand funding rate mechanics, margin requirements, and liquidation risk, since combining a thinly traded token with high leverage can wipe out positions quickly during sudden price moves.

What it means for traders

A few concrete things traders can track with MOVE going forward:

• Open interest trend. MOVEUSDT open interest has already fallen 21.4% over 30 days to $1.6 million. A continuation of this trend could signal fading trading interest, while rising open interest alongside rising price could suggest fresh capital entering.
• Funding rate. The current funding rate is 0.0050% per period, nearly neutral. A sharp shift toward strongly positive or negative funding typically signals futures market sentiment leaning hard in one direction.
• Long/short ratio. The 58% long account ratio on Binance Futures is worth watching for changes, especially since the small open interest base makes this ratio vulnerable to quick shifts if a few large accounts enter or exit.
• Price levels versus ATH and 30/90-day trends. With futures trading at $0.007041 and a 27.9% drop over 30 days plus 18.0% over 90 days per Binance data, it's worth comparing this short-term momentum against the 90.4% one-year decline recorded by CoinGecko.
• Progress on the remittance use case. Partnerships like the WhatsApp-based Mexico remittance route mentioned on the official site could serve as an indicator of whether the emerging-market settlement narrative is actually gaining traction or remains mostly at the announcement stage.

All of the points above are things to monitor, not signals to buy or sell MOVE.