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MoveVM nears Ethereum $ETH integration with mainnet beta launch Movement $MOVE has launched its public mainnet beta, advancing the deployment of Facebook-developed MoveVM on Ethereum. The launch includes $233 million in liquidity from $BTC, ETH and MOVE, raised through the Cornucopia program. According to CoinDesk, Movement aims to expand Move, originally created for Facebook’s abandoned digital currency, to Ethereum as a layer-2 solution.

In a market where most altcoins are struggling to gain traction, Movement ( $MOVE ) has managed to stay in the green, defying the broader downtrend. This price surge follows two major developments—ETF filings by major investment firms and the successful launch of Movement’s Public Mainnet Beta. ETF Filings According to an official press release by Movement Network, asset management firms tREX and Osprey Funds have filed for a new exchange-traded fund (ETF) focused on MOVE. If approved, this ETF would be the first to offer traditional financial exposure to the token, providing institutional investors with a regulated way to invest in Movement’s ecosystem. Public Mainnet Beta Launch The biggest catalyst behind MOVE’s strong price action is the successful launch of the Movement Network Foundation’s Public Mainnet Beta. The network launched with a staggering $250 million in Total Value Locked (TVL), ensuring immediate utility and liquidity from day one. The Public Mainnet Beta unlocks full permissionless smart contract deployment, seamless user onboarding, and Ethereum settlement. This means developers and users can fully access the benefits of the Move language and MoveVM for building next-generation decentralized applications. Users can also connect to the network via the canonical Movement bridge, powered by LayerZero, further expanding interoperability. What’s Next ? Today’s announcement pump has injected an upside move in the falling wedge breakout of the MOVE token, which is yet to make a strong move. The token recently bounced off strong support at $0.35, aligning with the 200-day Moving Average (200MA), and successfully broke out of the wedge by surpassing the $0.49 resistance level. At the time of writing, MOVE is trading around $0.52. If the token maintains its bullish momentum, the next critical level to watch is the 50-day Moving Average (50MA). A clean break above this level would confirm an extended uptrend, potentially pushing the price toward $0.61, with the next major resistance target at $0.84—a 56% upside from current levels. The coming days will be crucial for MOVE as traders watch for confirmation of the breakout. If bullish momentum continues, the token could be entering a strong recovery phase, setting the stage for higher highs in the months ahead.

LINE NEXT to shut down key NFT platform DOSI Citizen LINE NEXT, a Web3 venture focused on developing LINE’s global ecosystem, has announced it will shut down its key service, DOSI Citizen, News1 reported. DOSI Citizen is a membership program for DOSI, an NFT platform launched by LINE NEXT. After more than a year of beta testing, DOSI officially launched in January 2024, becoming available in 180 countries. The platform allowed users to earn weekly rewards through NFT purchases, but the sudden shutdown before the distribution of all promised rewards has sparked criticism. The decision to discontinue the Citizen service that played a major role in attracting investment is expected to stir controversy.

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