• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Movement Labs: $100 Million Investment Achieved

user avatar

by Giorgi Kostiuk

3 months 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.

0

Share

Other news

SEC and Gemini Seek Pause for Mediation in $900M Crypto Case

SEC and Gemini request a 60-day pause for mediation in their $900M crypto lending case, impacting Gemini users and crypto regulation talks.

user avatarGiorgi Kostiuk

2 minutes ago

Bitcoin and CME Gap: When to Expect a Breakout or Rejection?

Bitcoin is close to the $84,418 CME gap. Traders watch the market, anticipating a breakout or a drop below $82,000.

user avatarGiorgi Kostiuk

2 minutes ago

Trump Family's Crypto Investments: Solving Banking Woes Through Innovations and Stablecoins

Trump family boosts cryptocurrency investments to tackle banking restrictions and enhance stablecoin development.

user avatarGiorgi Kostiuk

3 minutes ago

The Era of New Crypto: MAGACOINFINANCE Gains Attention in 2025

MAGACOINFINANCE attracts attention in the crypto market in 2025, offering unique opportunities and alternatives to Bitcoin and Solana.

user avatarGiorgi Kostiuk

23 minutes ago

Investors Turn to Mutuum Finance as Presale Phase 4 Gains Momentum

Mutuum Finance raises $6M in Phase 4 of presales as ETH and SOL slow down.

user avatarGiorgi Kostiuk

23 minutes ago

Joelle Pineau Leaves Meta: Future of AI Research

Joelle Pineau, Meta's VP of AI Research, is leaving. This event precedes the LlamaCon conference.

user avatarGiorgi Kostiuk

23 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.