MOVE is the native token of Movement Network, a Layer 2 blockchain built to bring the Move programming language — used by Aptos and Sui — to Ethereum. Movement Labs raised $38 million in Series A funding and launched its mainnet in late 2024, positioning itself as an Ethereum L2 with superior smart contract safety through Move VM’s resource-oriented programming model.
| Stat | Value |
|---|---|
| Ticker | MOVE |
| Price | $0.02 |
| Market Cap | $70.09M |
| 24h Change | +2.2% |
| Circulating Supply | 3.67B MOVE |
| Max Supply | 10.00B MOVE |
| All-Time High | $1.45 |
| Contract (Ethereum) | 0x3073...3073 |
| Contract (Movement) | 0xa |
| Contract (Base) | 0x3073...3073 |
| Contract (Hyperevm) | 0x3073...3073 |
| Contract (Hyperliquid) | 0xedfb...dfcf |
How It Works
Movement bridges Move language advantages to Ethereum:
- Move VM: Executes Move smart contracts, which prevent common exploits like reentrancy and double-spending at the language level.
- Ethereum settlement: Movement settles transactions on Ethereum, inheriting its security.
- EVM compatibility: Movement also supports EVM execution alongside Move, allowing deployment of Ethereum contracts.
- MOVE token: Used for gas fees, staking by validators, and governance.
Move Language Advantages
The Move language was originally developed by Facebook/Meta’s Diem project and is the basis for both Aptos and Sui. Key features:
- Resources can only be created, transferred, or destroyed — never duplicated
- Prevents whole classes of smart contract bugs common in Solidity
- Formal verification-friendly code structure
History
- 2022 — Movement Labs founded by Rushi Manche and Cooper Scanlon.
- April 2024 — Movement raises $38M Series A.
- December 2024 — MOVE token launches; mainnet launches.
Common Misconceptions
“Movement replaces Aptos and Sui.” Movement is an Ethereum L2, not a standalone L1 competing directly with Aptos/Sui. It brings Move to Ethereum’s ecosystem, not the other way around.
Social Media Sentiment
Movement gained significant attention post-launch on X/Twitter, especially among developers interested in Move language. The EVM + Move dual-execution approach is viewed as pragmatic by some and complex by others. Some controversy arose over tokenomics-related concerns at launch.
Last updated: 2026-04
Related Terms
Sources
- CoinGecko — Movement (MOVE) — token supply and market data.
- Movement Labs Documentation — technical documentation.
- Movement Labs Whitepaper — protocol design.