MOVE tokens surged over 15% in less than 24 hours, primarily driven by its spot trading on the Hyperliquid exchange. The listing enables MOVE to be used as collateral for perpetual trading, leading to a 515% increase in daily trading volume. The price broke through the consolidation range between $0.0336 and $0.0400 but faced resistance around $0.045. Network activity shows the number of MOVE holders increased to 393,200, with trading volume remaining stable, but the number of monthly active addresses declined by 31% to 148,000, raising concerns about the sustainability of this rally.
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MOVE tokens surged over 15% in less than 24 hours, primarily driven by its spot trading on the Hyperliquid exchange. The listing enables MOVE to be used as collateral for perpetual trading, leading to a 515% increase in daily trading volume. The price broke through the consolidation range between $0.0336 and $0.0400 but faced resistance around $0.045. Network activity shows the number of MOVE holders increased to 393,200, with trading volume remaining stable, but the number of monthly active addresses declined by 31% to 148,000, raising concerns about the sustainability of this rally.