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TechFlow reported on March 30 that in response to crypto KOL Bingwa's质疑 regarding Movement Labs depositing 17.15 million MOVE tokens into Coinbase, Rushi, co-founder of Movement, commented that this transaction was related to upcoming institutional products (such as ETPs/ETFs) and corresponding lending activities for institutions, and that these tokens will not be sold or transferred.
Movement co-founder Rushi commented in the replies that this is a transaction for institutional products (such as ETP/ETF) and corresponding loans即将推出的 by institutions, and it will not be sold or transferred.
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