Movement Foundation: Will transfer some tokens from the Ethereum mainnet MOVE strategic reserve to the native blockchain.
TL;DR
Movement Foundation will transfer some MOVE tokens from Ethereum to its native blockchain to enhance transparency and support ecosystem projects. It will also regularly send tokens to exchanges to rebalance supply and enable withdrawals.
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According to Foresight News , the Movement Foundation announced that, four months after fulfilling its buyback commitment, to improve transparency regarding tokens in the buyback wallet, it plans to transfer a portion of the tokens from the MOVE strategic reserve on the Ethereum mainnet to the strategic reserve on the native Movement Network to support ecosystem projects and incentives. Movement stated that it will continue to regularly send ERC-20 tokens to exchanges to replenish and rebalance the token supply, thereby re-enabling withdrawal functionality.