Movement Labs: $100 Million Investment Achieved

user avatar

by Giorgi Kostiuk

2 years ago

Movement Labs, the company behind the layer 2 network on Ethereum named Movement, is close to completing a $100 million Series B funding round, Fortune reported.

Movement Labs' New Funding Round

After this latest funding round, the company's valuation is expected to reach approximately $3 billion. This round was led by CoinFund and Nova Fund, the digital assets arm of the Brevan Howard hedge fund.

Investors and Their Stakes

Sources indicate that the investing companies will receive both company shares and MOVE tokens in return for their funds. The focus of the participants in the round is primarily on the MOVE token rather than the shares.

MOVE Token and Its Current Status

Following the Series A round in April 2024, where Movement Labs raised $38 million led by Polychain Capital, the MOVE token, alongside Bitcoin, has undergone a significant decline. MOVE, which fell 11.4% in the last 24 hours, saw a slight increase with the investment news, but this increase was not sustained. At present, MOVE is trading at $0.92.

The investment highlights the interest in the MOVE token and the potential of Movement Labs' platform. However, market volatility continues to impact the token's price.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Wall Street Banks Bullish on SPCX Stock

Two major Wall Street banks, Mizuho and Morgan Stanley, have expressed a bullish outlook on SpaceX stock (SPCX), with price targets of $200 and $300 respectively.

user avatarMaya Lundqvist

Elon Musk Optimistic About SpaceX AI Developments

Elon Musk expresses optimism about SpaceX's AI developments, expecting significant advancements in the coming months.

user avatarKaterina Papadopoulou

MEXC Introduces MEXC CLI for Enhanced AI Trading Experience

MEXC introduces MEXC CLI, a command-line tool that allows users to connect their AI agents directly to the trading platform for seamless trading execution.

user avatarLeo van der Veen

XRP Reaches New All-Time High After SEC Settlement

XRP has surged to a new all-time high of 365 in July 2025 following a settlement in the SEC vs Ripple lawsuit.

user avatarAisha Farooq

Warren Buffett's Berkshire Hathaway to Earn $848 Million from Coca-Cola Dividends

Warren Buffett's Berkshire Hathaway is set to earn $848 million in dividends from Coca-Cola due to its long-term investment since 1994.

user avatarTenzin Dorje

Coca-Cola to Pay Quarterly Dividends on October 1, 2026

Coca-Cola announces a quarterly dividend of $0.53 per share to investors before the ex-dividend date of September 15, 2026, payable on October 1, 2026.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.