In a market where many altcoins show weak dynamics, Movement (MOVE) token has stayed positive thanks to two significant events: ETF filings and the successful launch of the Public Mainnet Beta.
ETF Filings
According to an official press release by the 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 institutional investors a regulated way to invest in the Movement ecosystem.
Public Mainnet Beta Launch
The biggest catalyst behind MOVE's 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 new Mainnet Beta unlocks permissionless smart contract deployment, seamless user onboarding, and Ethereum settlement, significantly expanding ecosystem interactivity and functionality.
MOVE's Future Directions
Positive news has driven up the MOVE token price, which broke out of the downtrend channel and is now trading around $0.52. Further progress could push the price to $0.61 and beyond if the 50-day moving average is broken. The coming days will be critical for confirming this trend.
The market eagerly anticipates further MOVE upside momentum, which could lead to new highs. Success in this direction could reinforce confidence in the project and attract new investors.
