Movement Labs is one of our favorite infrastructure projects since its focus is the Move programming language and the successful blockchains that use it.
DePIN, due to how it can use NFTs to promote better safer storage, is a sector ripe for growth within Movement. Movement Labs and its modular nature mean developers have maximum flexibility for choosing the tech stack they need for their projects. Other factors like speed through parallelization (multiple transaction confirmations happening at once), security, and low fees are other advantages Move offers.
Decentralized Science, an area you need to watch especially with CZ from Binance investing so much in it, and Decentralized Internet Access are a couple of areas where there are already live projects using Movement.
In early December, Movement had its TGE for its $MOVE token. It’s going incredibly well so far. More than $314 million has been claimed by Movement users on the recently launched public mainnet.
The number of transactions on the Parthenon testnet cracked more than 550 million from 60 different apps. And the mainnet shows 220 million transactions in only a couple of weeks from 6.8 million accounts created. It’s growing fast.
Because Movement’s goal is to bring as many users, programmers, and protocols to the Move language as possible, one of the easy ways to do this is to work seamlessly with cross-chain assets.
And one of the biggest and most valuable cross-chain assets is wBTC. It lets Bitcoin holders wrap their coins and then use them in EVM for DeFi. Aside from working in Move, Movement Labs is also a layer 2 for Ethereum. This means many protocols will be able to work seamlessly on ETH, POL, and BNB Chain, but also on Aptos and Sui. Other than Solana, you can’t get better Layer 1 blockchain coverage than this.
It’s no secret we like this project and the potential for Move-based blockchains. But because we play it straight here at Altcoin Buzz and it’s not all sunshine and rainbows, we do have one thing we need you to know about Movement in 2025. It’s Movement’s token unlocks.
According to CryptoRank, from January through November, on the 9th of each month, the team will unlock 50 million $MOVE or 0.5% of the supply each month. At current prices, that’s ~$45 million or 2.2% of market cap each month. So that can create selling pressure. The big one is in December. December 2025, it goes up to 161 million $MOVE or 1.62% of the max supply and 7.1% of its market cap each month through at least 2027.
Unlocks can be good and bad. And often if the project is good and people are bullish on it, think Solana or Sui, then people can get past the unlocks and the potential selling pressure they can cause.
We think Movement will continue to be bullish for some time. We think it will behave like Solana and Sui are behaving now. But you should be aware that these unlocks are here and when they take place.
Here’s one more reason why we continue to be bullish on Movement Labs.
Movement’s whole “reason for being” is to move (pun intended) the Move programming language forward. You may even remember that the Move language came from Facebook and its failed Diem crypto project. Most of the key members of Diem went to form either Sui or Aptos. And both are doing tremendously well. Sui is #18 in market cap and Aptos is #34 with both at more than $5 billion in market value.
And all 3 want and benefit from the growth of the Move programming language. So as the 2 big blockchains continue to grow, Movement will grow, too. More programmers and projects will need Movement Labs tools to bring their projects to life. Both ecosystems are growing faster than any non-memecoin ecosystem out there. And we expect that to continue. Movement Labs will be there to help these growing ecosystems bring even more developers and great projects to life.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This post is sponsored by Movement Labs.
Copyright Altcoin Buzz Pte Ltd.
Ledger confirmed that a device linked to recent losses carried an unauthorized hardware implant, and all confirmed cases trace back to reseller CryptoBilis.
Strategy bought 250 Bitcoin for $21.5 million and repurchased $192.4 million of STRC in the same week, spending nearly nine times more on the buyback.
BTCMSTR+1 more
Bitquery counted 4.5 million Solana wallets dusted by lookalike addresses over 11 months. Here's how the trick works and what to check before you send.
SOLUSDCNews: @BitGo and WBTC are coming to Movement! You'll be able to use WBTC in our next-gen DeFi ecosystem👇
