Movement($MOVE) has launched on Binance, with a price drop of 30% in the last 24 hours. The Ethereum Layer 2 token has reached new highs on both BINANCE and COINBASE, but is now experiencing a sharp correction due to profit-taking pressure from airdrops and some VC institutions' need for liquidation. Overall, the performance of L2 prices this year has been disappointing. MOVE started at 0.2 on BINANCE and has seen a significant increase. To deter users from selling tokens, the project has set a claim fee of 0.015 ETH for airdrops, increasing the cost of claiming. The Movement L2 ecosystem is built on top of MoveVM, using Facebook's Move programming language, which is also used by Sui and Aptos. Bulls praise its parallel computing, native modularity, and resource-oriented architecture.

The biggest issue with the Movement token is that the Layer-2 sector has underperformed in this bull market. For example, the largest L2 token, Mantle, has only increased by 76% year-to-date, while Bitcoin's increase has been 126%.