Movement (MOVE) appears bullish as whales gain interest in the token. Today, Feb.14, crypto analyst Data Nerd posted on the X platform that a whale has acquired over 2.53 million MOVE tokens.
Whale bets on MOVE
According to data reported by Data Nerd today, World Liberty Financial, a crypto DeFi platform owned by President Trump, swapped $1.36 million for 2.53 million MOVE tokens. The whale bought the tokens at an average price of $0.537.
This significant purchase coincides with MOVE’s recent declined prices. This investor’s acquisition suggests that other whales could be accumulating the token.
At this moment of this month, the prices of many altcoins have dropped. This provides an opportunity to purchase tokens at more affordable prices before another uptrend. Market users often monitor whales’ activities to gain hints of early advantages before asset buying.
Following the launch of the Movement cryptocurrency on Jan.28, 2025, World Liberty Finance bought the tokens worth $2 million. This past accumulation and today’s purchase give confidence that MOVE is a strong cryptocurrency with growth potential.
Movement price updates
MOVE has been experiencing heightened price fluctuations, with macroeconomic trends shaping its trajectories. The token has been in a correction mood over the past two weeks.
However, it displays signs of recovery. Its current formation of an ascending channel suggests that it is preparing to break out from its recent consolidation momentum, hinting an upward movement could be forthcoming.
The asset price has been down 27% in the past 14 days. However, today the token’s value is currently standing at $0.57, a 5.1% rise over the past 24 hours, indicating buyers are taking control.
The asset is currently forming an ascending channel trend, which could lead to a significant price rise to the $0.6334 resistance level. However, if it fails to sustain its upward movement, it could continue its sideways trading pattern while maintaining its value above the $0.5189 support level.
MOVE is the primary cryptocurrency of Movement Network, which runs on top of Ethereum. The network provides more secure and rapid transactions based on the use of the Move programming language.
Market analysts expected users to increasingly adopt the L2 scaling solution due to its improved scalability and its focus on enhancing interoperability with innovative features. Following the launch of its mainnet network (on January 28, 2025) by the Movement Foundation, MOVE price surged to a high of $0.8. It, however, entered a correction trend after the recent market rally.
