What is the reason behind the surge of MOVE tokens?

The price of MOVE skyrocketed, reaching $2.5 on Korean exchanges, while mainstream platforms only saw $1!

The opening price of MOVE remained stable, hovering around $0.6.

The MOVE token was actually airdropped by BN to BNB holders. However, the market in South Korea went wild, creating a significant disparity between the MOVE price on Korean exchanges and that on global mainstream exchanges.

On-chain data shows that the price on Korean exchanges peaked at $2.5, while the price on mainstream platforms remained firmly around $1, a staggering difference! And now it has slightly declined!

The maximum supply is: 10 billion tokens Initially provided in ERC-20 form, it will be offered on the Movement Network after the mainnet launch.

Initial circulation: 22.5% On-chain data shows that the largest official holding address for MOVE still holds over 83.8% of the token supply, meaning that the actual circulating amount of tokens in the market is about 1.62 billion tokens, which is approximately 16.2%.