3 Web3 Games Burned $20M+ in 2025 — Here's What Killed Them

These weren’t memecoins or weekend hacks.
Nyan Heroes, Blast Royale, and Rumble Kong League raised millions, had serious teams and hype... and still shut down in 2025.

We broke down:
⚡️What they promised
⚡️Where they collapsed
⚡️What lessons founders must learn in 2025

📩 Founders — if you're building in Web3 or AI, message us. We'll share the “Pre-Fail Checklist” we use with our incubated teams.

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📈 Web3 Investment Momentum is Back On Track

In June 2025, Web3 startups secured $1.15B across 140 deals — a steady rise in both capital (+3%) and deal flow (+9%) compared to May.

But the bigger story❓Q1 2025 saw $3.8B invested in crypto & blockchain startups — a massive 138% leap from Q4 2024.

This isn’t just a rebound. It’s a signal: VCs are actively backing new projects again.

💡 Despite market noise, investor appetite for early-stage Web3 is alive and growing. Deal sizes are increasing. Trust is rebuilding.

Founders — if you’re building something real, now’s a damn good time to go raise.

👀 Just don’t wait for “perfect market timing.” Keep building. Keep pitching. The wave is forming.

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💸 Fundraising in Web3: it’s not just hard — sometimes it feels absurd.

From clueless investor calls to pitch deck déjà vus, founders often find themselves in surreal situations. It’s funny… until you’re living it.

🎥 Watch this video and tell us it doesn't feel too real.

Whether you're chasing that first cheque or surviving rejection — remember: every great founder went through this chaos.

Stay sharp, stay persistent, and keep building. Your moment will come 🔥

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🔧 This Free Tool Could Save Your Token Launch

Web3 founders don’t fail because of bad tech. They fail because, on paper, their tokenomics look great — until they hit the market.

AlphaMind’s ROI Simulator helps you see the investor reality behind your unlock schedules — before launch, not after the damage.

📥 Plug in your vesting model.
📈 Visualise ROI over time.
📊 Stress-test unlocks under real market conditions.
✅ No guesswork. Just clarity.

💡 Already used in VC calls, launchpad reviews, and live audits to win trust.

👉 Want to avoid the classic TGE crash? Read the breakdown & try the tool for free.

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😂 Friday Fun-Chain: Kick-off the Weekend with Web3 Jokes

Week’s done, Git pushes are green, and the market’s (probably) red. Time to lighten the node ⛓️👇

“I asked a VC for seed money. They sent me a crate of avocados, said they only fund organic growth.” 🥑

“Why don’t Web3 founders play hide-and-seek? Because every move is on-chain.” 🧐

“NFT dating: you both swipe right, but the gas fee costs more than the dinner.” 💸

“Bear market? I renamed my portfolio ‘JPEG’ because it just keeps getting compressed.” 📉

“Proof-of-Work is me explaining blockchain to my parents: huge energy usage, zero consensus.” ⚡️

“Startups are like smart contracts: if the logic’s wrong, you’ll only know after it goes live.” 🚀

“The only thing more volatile than crypto prices is the Wi-Fi at a Web3 conference.” 📶

🤔 Your turn: drop your own crypto punchline in the comments or smash 😂 if any of these hit your funny hash. Let’s wrap up the week with good vibes and roll into the weekend ready to BUIDL stronger on Monday! 💪

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🎁 New deal in the InnMind Perks Club: Power up your Web3 marketing stack!

We keep boosting our Perks Club with high-value tools and exclusive deals to help Web3 startups grow smarter, faster, and stronger.

Today, we’re adding a trusted name in the email & automation game — GetResponse.

📬 What’s in it for Web3 builders?

GetResponse is not just an email tool — it’s an entire growth ecosystem. Perfect for lean teams who want:

✅ 30+ tools to grow their business
✅ Automation to keep communities engaged
✅ Seamless onboarding flows & lead magnets
✅ 125+ integrations
✅ Full multi-language support in 10+ languages

🧪 Test it with a 30-day free trial and see how it fits your funnel.

✨ Start scaling like a pro. You're building the future — let your tools keep up.

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🚀 $200K + mainnet launch opportunity? Here’s a hackathon worth building for

Builders, here’s something worth checking out👇

HyperHack by Metis is a global online hackathon focused on building at the intersection of real-time tech, AI, and Web3 and it’s still open for applications.

What’s in it for you?
⚡️ $200,000 in total prizes
⚡️ Access to Hyperion: Metis’ high-speed L2 infra
⚡️ Hands-on mentorship from experts
⚡️ Early mainnet launch support

It’s running for 3 months, giving founders and dev teams time to build, test, and scale something meaningful, not just a quick MVP.

🗓 Apply by June 15th

👉 Learn how to join
🧩 Use this referral link to register: Metis Forum Invite

Let’s build smarter, not louder 🛠

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🚨 Bitcoin dips after Trump vs Musk feud… but is it really a red flag?

Bitcoin dropped nearly 5% in a single day, triggered not by market fundamentals but by a public spat between Donald Trump and Elon Musk. Price tumbled from ~$105K to ~$100.5K before bouncing back slightly. Long positions were wrecked — over $800M liquidated across crypto markets. Even Tesla stock took a hit.

But here’s the thing👇
This isn’t a trend reversal. It’s a classic case of news-driven panic + over-leveraged bets collapsing. No underlying shift in Web3 demand. No macro collapse.

💡 Historically, Bitcoin rebounds within days or weeks after emotional crashes — unless followed by real bad news.

This event won’t stop smart capital from flowing into Web3. If anything, it filters noise. Builders and long-term investors see it as a temporary shake, not a change in direction.

🔄 Zoom out. Focus on value. Timing the market ≠ building the future.

🧠 On InnMind, Web3 startups are still raising, building, and scaling — even through the noise. Join the platform where serious founders meet active crypto VCs.

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Overhyped. Underlocked. Over.

Why do so many “hyped” crypto projects crash right after launch?

We break down the 3 biggest tokenomics mistakes that wreck retail & destroy long-term value:

🚨 Airdrops with zero retention

🚨 Unlock cliffs that crush price

🚨 FDVs that make no damn sense

This one’s a must-read for builders *and* early-stage degens.

👉 Read the breakdown

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🚀 Bitcoin Breaks $111K: It’s not just a number—it’s a signal

Bitcoin recently hit a record $111,965.
Why? Public companies are stacking sats like never before. From 89 to 113 BTC-holding firms since April.

💥 Twenty One Capital (backed by SoftBank & Tether) alone holds 42K BTC and is going public at a $3.6B valuation.

💡 Why Founders Should Pay Attention

1️⃣ Institutional trust = crypto legitimacy
Big names buying in → signals safety and maturity → broader adoption.
No longer a playground for just degen traders.

2️⃣ Market stability = more room to build
With whales holding, volatility may cool.
That gives startups breathing room to ship, grow, and experiment.

3️⃣ New money = more opportunities
More capital in the system means: easier fundraising, more B2B collabs, exit/acquisition potential, rising user interest.

4️⃣ But... competition is heating up 🔥
More capital = more founders jumping in = higher bar to stand out.
Time to sharpen your pitch, polish your UX, and know your tokenomics.

⚡️ TL;DR
Bitcoin's ATH is more than a headline. It’s a sign: the next wave of growth is already in motion.

💬 Watch this space. Build with intention. Ride the trend.

✨ InnMind’s here to help you raise, grow, and connect in Web3. Let’s build something unforgettable. 🚀

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🔥 5 Web3 Startups That Bagged the Big Bucks in April–May 2025

It’s brutal out there for fundraising. Most decks don’t even get a reply. But a few Web3 founders? They cracked the code — and VCs came in hot. Here’s what actually raised money in the last 60 days 👇

🚀 Top 5 Funded Startups (Seed Rounds)

1️⃣ Exaforce Inc. — $75M
→ Web3 Infra x AI
Decentralized compute for AI. Massive round. Big VCs (Khosla, Mayfield) are chasing the “AI x Web3” narrative — but this one’s got serious depth. Huge painkiller + mega market.

2️⃣ Turtle — $25M
→ RWA Tokenization (US Treasuries on-chain)
RWAs are the new DeFi meta. Turtle brings compliance + institutions together, backed by Bain, Polychain, Robot. Institutional yield, meet crypto rails.

3️⃣ Terminal — $17M
→ Modular Blockchain Infra
Think Celestia vibes, but focused on on-chain compute. Sequoia, Dragonfly, even Balaji are in. Modular’s not hype — it’s becoming the stack.

4️⃣ KYD Labs — $7M
→ Ticketing x SocialFi (Solana)
Fraud-proof ticketing, with fan engagement. Built for artists/venues. Backed by a16z crypto. IRL meets Web3 in a way that actually works.

5️⃣ Light Protocol — $5.6M
→ ZK Privacy for Solana / DeFi
Privacy infra that actually scales. Non-EVM chains getting privacy love. Spartan, Lemniscap and Lightspeed are in.

💡 So what’s the takeaway? Yes, capital is tight, but it flows to startups with:
▪️ Big narratives (AI, RWA, modular, ZK)
▪️ Real painkiller value
▪️ Strong founder–market fit

👀 You don’t need a bull market — you need focus.

🧰 Founders — want to position your startup like these?
→ Join InnMind to boost your project.

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💀 Epic Fails in Web3: The RTFKT Story — When Hype Kills

We’ve never shared failure stories before. But it’s time. Because founders learn more from f*ckups than wins. Ready to learn from #EpicFails in web3? Then read this story 👇

They had Nike, millions in sales, and a cult-like following… So how the hell did RTFKT end up shutting down?
Let’s unpack one of the flashiest failures in digital fashion.

🚪 What happened:

After being acquired by Nike in 2021 and cashing in ~$185M through hyped NFT drops, RTFKT fizzled out. By January 2025, the lights went off — despite every resource in their corner.

Why? No one stuck around.

⚠ Core mistakes RTFKT founders made:

Hype > Substance — They obsessed over drops, not product. Teased perks never came.

Community fatigue — Delays, empty promises, and over-marketing drained trust.

Ignored product-market reality — No real-world utility = no retention.

💡 What you can learn:

1. Don’t promise what you can’t ship (or don’t intend to).

2. Treat your community like co-founders, not customers.

3. Momentum ≠ product. Nail core utility before going viral.

💬 Want more web3 founder failure stories like this?
We’re launching the #EpicFails series to unpack what NOT TO DO when building in Web3.

👉 Stay tuned. Save this post.

Next up will be about: A Layer 2 that imploded… from the inside. 💣 Internal chaos, power struggles, and millions burned.

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🚀 Global VC Funding Took a Breather in April… but Web3 Stayed Resilient! 🚀

While overall venture capital dipped from $68 B in March to $23 B in April, Web3 projects still pulled in $1.75 B across 64 disclosed rounds (plus 25 more stealth deals!). That’s proof that decentralized tech is more than a flash in the pan—it’s holding its ground even when markets cool off.

🔍 Key Highlights:
▪️ 23 M Daily Active Wallets: Dapp usage stayed rock-solid despite wider market turbulence;
▪️ AI Dapps Surge: +26% activity, now 16% market share—soon rivaling Games & DeFi;
▪️ Startup Securitize is a top fundraiser of April with $400 M to launch the Mantle Index Four (MI4) RWA fund.

Top Web3 VCs in April:
⚡️ According to CryptoRank, the most active investor in April was the venture firm Coinbase Ventures. The company invested in 10 startups.

⚡️ In April, a16z broke into double-digit deal counts—leading Glider’s $4 M seed round, backing Inco’s $5 M confidential-computing raise via its CSX accelerator, and co-leading Towns Protocol’s $10 M Series B.

⚡️ 1kx sharpened its focus on Web3 gaming and infrastructure—strategically investing in Gunzilla Games (developer of “Off The Grid”) and co-leading Camp Network’s $25 M round for AI-blockchain copyright royalties.

Why It Matters:
Investors may hit pause on broader tech, but they’re still bullish on Web3—especially AI integration, real-world asset tokenization, and infrastructure plays. For founders, now’s the time to double down on fundamentals and pitch what truly moves the needle.

📈 Web3’s still raising while others freeze. If you're building, now’s your time.

🚀 Join InnMind to access tools, insights, and perks that help serious founders grow.

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Warren Buffett just stepped down as CEO of Berkshire Hathaway.

In the 60 years under his rule, the company returned 5,502,284%.
That’s 144x outperformance of S&P 500. No one in modern history has outperformed the market like this.

But forget the numbers — his final shareholder meeting was packed with hard truths and long-term wisdom. And yes, it’s worth your attention even if you’re all-in on altcoins and testnets.

🧠 Here’s what the GURU left us with:

💵 “We’re sitting on $347B in cash. Not because we want to — because there’s nothing worth buying.”
Translation: the world is overpriced. Even with infinite capital, patience wins.

📉 “This isn’t a dramatic bear market.”
Buffett sees no crisis — just noise. Makes you wonder: are we overreacting again?

🇺🇸 “The U.S. deficit? Totally unsustainable.”
He’s not worried about stocks. He’s worried about governments spending like there’s no tomorrow.

🌍 “Trade should never be used as a weapon.”
A shot at protectionism. But also — a hint: global instability = long-term pain for builders.

🧘‍♂️ “Check your emotions at the door when investing.”
Still true in TradFi. Even more true in Web3.

⸻
🔍 Takeaways for founders, investors, and degens alike:

- Holding dry powder isn’t weakness — it’s strategy.
- Market dips don’t mean doom — they mean opportunity if you’re ready.
- The real threats are silent, structural, and slow-burning.
- Hype is temporary. Discipline scales.
⸻

He never bought Bitcoin.
He never yielded to tech fads.
But Warren Buffett, the man who 144x’d the S&P, is walking off stage.

And just maybe, his final words are a cheat code for surviving whatever cycle we’re in? 🤔

PS: >>> Share this post with your fellow entrepreneur to save this last Buffet’s advice.

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🐾 Which Web3 Animal Are You? 🐾

Guys, let's have a short break. Take this dangerously accurate savage personality quiz 😄

Find out if you’re a 🐼 Panda Founder, 🐥 Kookaburra Memelord, 🐱 Cat VC, or 🦥 Sloth Builder in this glorious mess we call Web3.

Answer these 5 questions. Count your A’s, B’s, C’s, and D’s. Your animal awaits.
⸻
1️⃣ What do you do when your token nukes -40% overnight?

A) Close the chart. Pretend I’m in a strategy sprint.
B) Buy. Buy again. Buy the dip of the dip.
C) Start a tweet thread titled “Why this is bullish.”
D) Disappear. Reemerge in 3 months with a rebranded GameFi.

2️⃣ How do you deal with VCs?

A) Like a panda: rare, polite, emotionally unavailable.
B) Like a cat: If they want in, they’ll find me.
C) Like a kookaburra: Laugh. Pitch. Vanish.
D) Like a sloth: Eventually. Hopefully.

3️⃣ What does your team say about you?

A) Quiet genius. Might be dead. Might be coding.
B) Wild energy. Dangerous in a pitch deck.
C) Chaos gremlin with 100k impressions.
D) Old soul. Crashes builds. Blames Mercury retrograde.

4️⃣ How do you make key decisions?

A) Vibes + memes + gut.
B) Flip a coin. Or a DAO vote. Same thing.
C) Intuition + caffeine + whatever Solana is doing.
D) Ship first. Rationalize later.

5️⃣ What’s your secret Web3 power?

A) Surviving death-by-dex with grace.
B) Fundraising with a Figma prototype and a prayer.
C) Turning rugs into engagement.
D) LARPing a roadmap no one reads.

🧾 Count your answers:

🐼 Mostly A — Panda Founder

Majestic. Sleep-deprived. Emotionally disconnected from market cycles.
You ghost VC calls but show up with unexpected commits.
People think you disappeared — you’re just in stealth mode again.
You’re the mythical creature L2s dream of.

🐱 Mostly B — Cat VC

Cynical. Strategic. Your investment thesis is 50% vibes, 50% “I knew them before they raised.”
Founders chase you. Telegram ignores you. But you always show up when there’s alpha.

🐥 Mostly C — Kookaburra Memelord

Your marketing plan is “be loud and unhinged.”
You’ve pumped 3 tokens by accident.
Your tweets have more utility than some layer-1s.
Your job title? Viral Energy Officer.

🦥 Mostly D — Sloth Builder

Deadlines mean nothing. You deploy when Mercury allows.
But your builds? Chef’s kiss.
You’re 2x over budget, 5x behind roadmap, and somehow… still getting community love.
Builders respect you. Degens think you’re mythical.

👇 So… which one are you? Tell us your animal in the comments — and don’t gatekeep the fun! Tag your team, co-founders, or that one friend who’s definitely a Sloth Builder 😄
Let’s see which Web3 species dominates in our community! 🐾💥

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Comments needless… 😏

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🧭 Startup Founders, this one's a goldmine!

If you're building a web3 startup, understanding metrics isn’t just “nice to have” — it's mission-critical.

The crew at Speedinvest Pirates dropped a free 47-page guide on startup metrics that covers:
✅ Product-Market Fit signals
✅ CAC, LTV, Churn explained simply
✅ Metric frameworks for B2B vs B2C
✅ The “North Star” metric strategy
✅ Fundraising metrics investors actually care about

Forget fluffy blogs — this is founder-first, no-BS content from operators who’ve scaled.

📘 Grab the PDF: The Ultimate Guide to Startup Metrics

🚀 Hungry for more resources like this?
Join the InnMind community — your hub for tools, insights, and connections tailored for web3 founders.

Читать полностью…

⚠️ Founders, tired of investors ghosting you? 🤨

Web3 deal volume in 2025 dropped from 1,200 to just 300 per quarter.
The odds are brutal.

But still most rejections aren’t about market conditions.
They’re about red flags in your pitch that VCs see (but you DON’T).

We trained an AI fundraising coach on thousands of VC rejections to help you finally understand what’s wrong with your fundraising.

👉 Join early access waitlist: https://tally.so/r/3Ee4Eq

Limited to 100 beta testers from InnMind.

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💥 Airstrikes, Panic Sellers, Fast Rebounds: A Full Breakdown of the Crypto Market

📉 Over the weekend, US strikes on Iranian targets rattled investors. Bitcoin slipped below $99 000, the lowest since early May. By Monday, the bid returned, lifting BTC back to the $101-102 K zone. Most majors followed suit: ETH eased ≈0.5 %, XRP lost up to 4 %.

🔎 What this tells us

▪️ The market is acting more mature. Sharp dips are met by equally sharp recoveries, showing deeper liquidity and cooler heads.

▪️ Technically, BTC is coiling between $100 K and $107 K. Breakouts will hinge on macro news or fresh geopolitical shocks.

📈 Scenarios ahead

▪️ Calmer headlines could pull BTC toward $107-112 K.
▪️ New flashpoints may drive fresh sell-offs, yet recent price action proves buyers are waiting below.

💼 How it shapes decisions

👤 Cautious newcomers often pause or trim positions to “wait it out”. Nothing wrong with risk control.

👤 Seasoned holders frame every 5-10 % dip as dry-powder season. They price in volatility, not fear it.

👤 Funds and big pockets map moves to long-range themes: infra growth, AI x blockchain, corporate adoption. They add only when stability returns.

Startups succeed when they rise above the noise. Show product traction, ship updates, keep investor comms transparent – that steadiness beats market mood swings.

📌 Bottom line:
shocks grab headlines, but the underlying trend is neither broken nor euphoric. Treat fear as discounted entry, stay mission-focused, and make volatility your strategic lever. Founders who keep shipping in messy markets earn the spotlight when calm returns.

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🚨 Crypto VC Deals Hit a Low in May… But the Game’s Not Over

May 2025 saw the lowest number of Web3 VC deals since Jan 2021.
VC cash flow? Down. Hype? ❌ Gone. Panic? Not here.

Because here’s the twist
🧠 Over $9B has already been invested in crypto startups this year, just halfway through 2025. That’s almost the entire 2024 total. VCs just got smarter.

So, where is the capital flowing now? 💡3 HOT VC THEMES:

▪️ AI x Crypto: Smarter contracts, automated workflows — real value beyond buzzwords.

▪️ Next-gen Trading Platforms: Investors love platforms that let traders compete, turning the chaotic world of crypto trading into a gamified, engaging experience.

▪️ User-Friendly Crypto Apps: It’s all about simplicity. Apps that help regular people store, send, and use crypto without needing a PhD in blockchain.

💬 What does it mean for founders?

No more chasing buzzwords. If your product is clear, usable, and solves a real problem, you're in the game. The VC bar is higher, but the upside is bigger 🚀

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When crypto VCs say «we're impressed by your project"… 🧐

We made a brutally honest translation guide to what Web3 investors really mean in calls and DMs.

👉 Swipe the chart. Save it. Cry a little.
Then drop your favorite VC phrases in the comments 👇

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🚀 New exclusive offer for InnMind community!

dApps founders, your infrastructure just got a serious upgrade opportunity. dRPC — the trusted Web3 infra provider — just launched a sponsorship program through InnMind, and it’s 🔥.

If your dApp gets selected, here’s what you unlock:
💸 $500 in NodeCloud credit
💯 70% off for the first 6 months
🔐 30% off forever if you keep the “Powered by dRPC” badge
📣 Co-marketing with dRPC (yes, exposure!)

NodeCloud is a headache-free RPC solution that gives you instant access to API endpoints across 97 blockchains and 178 networks. No delays. No surprises. Just scale and ship.

👉 The only ask? Display a small “Powered by dRPC” badge in your app footer.

🟠 Spots are limited — and filling fast. Don’t sleep on this.

🔗 Apply now via InnMind Perks Club

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🔥 Big update for founders!

Remember our popular Blockchain Grants Program list?

Now we’ve published a brand new blog article where you’ll not only find the latest list of 30+ active blockchain grants for 2025, but also practical insights — including the most common mistakes founders make when applying for grants and how to avoid them.

Don’t miss out! Save weeks of research and discover non-dilutive funding options, proven tips, and verified links to real grant programs.

👇 Read the full article and get the grant list here

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Good read from Launchpad’s Analysts

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🚀 30+ Blockchain Grant Programs in 2025

Securing funding for a Web3 startup in 2025 is more challenging than ever. The VC market has tightened, and most grant opportunities are either outdated or impossible to find.

That’s why we’ve launched the Ultimate List of 55+ Blockchain Grants for Startups 2025 — a complete, handpicked collection of only active and verified blockchain grant programs.

➕ Inside, you’ll find grant amounts, requirements, deadlines, and direct application links to help your team move fast and focus on building.

Skip weeks of research and start applying to real opportunities today!

⚡️ Get the full list here

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Web3 founders trying to explain token utility be like: “See, if Apple pays OpenAI which runs on Microsoft which runs on Nvidia…” 🧵🧵🧵

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⚡️ Why Due Diligence Is Make-or-Break for Web3 Startups

Gone are the days when a catchy token name & Discord hype could land you millions. In today’s market, due diligence is the new fundraising currency. 🧾💸

The latest article from InnMind dives into what’s happening behind investor decisions this year. Why some founders get serious checks, while others get filtered out in the first 5 minutes.

We talk about why compliance matters more than ever (no, “we’re just a DAO” won’t cut it), how founders are expected to show real traction and governance maturity, and what separates the projects that attract capital from those that don’t.

➕ It’s not just theory either—we spotlight how teams like Aptos Labs, Thirdweb, and Polkastarter are setting the bar for fundraising-ready projects in a maturing market.

🧠 Bonus: We dropped the Ultimate Due Diligence Checklist to help Web3 startups get truly investor-ready.

If you're a founder looking to raise, or a VC looking to de-risk your next bet—this is your playbook 👇

📖 Read the full article here

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🧑‍⚖️ Web3 Compliance 2025: Smart Legal Moves for Founders & Investors (+ Country Breakdown)

Web3 founders & crypto investors — don’t sleep on this: 2025 is the year compliance stopped being optional. New global rules, MiCA in full swing, SEC clarity, and major shifts in 🇺🇸 🇪🇺 🇨🇭 🇵🇹 🇬🇧 🇦🇪…

We break it all down 👇
✅ Token laws
✅ KYC/AML must-knows
✅ GDPR for crypto
✅ Smart contract audit tips
✅ Cost-effective strategies
➕ free templates & expert tools for founders

📚 Read the full article

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📉 Think this is the chart of some random memecoin crashing?

Not even close. It’s Google’s stock (GOOG) — down 9% in a matter of hours.

Why?

Because Apple just dropped the bomb: they’re integrating an AI-powered search engine instead of Google across their devices.

And for the first time in 20 years, Apple reports a decline in search volume.

Turns out users are now turning to AI interfaces like ChatGPT, Perplexity, DeepSeek for answers.

👀 They say crypto is volatile… 🤪 Meanwhile, one AI rumor wipes billions off Google’s valuation.

So… is the AI narrative back on top for 2025? Or did it ever leave?

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Movement’s Token-Dump Scandal

Movement Labs is facing backlash after a $38M MOVE token dump, tied to a deal that gave middleman Rentech control of over 5% of the supply. Movement claims it was misled into signing the agreement.

🟢Internal documents show Rentech appeared on both sides of the deal: once as a Web3Port subsidiary, and once as an agent of the Movement Foundation.

🟢Experts say this created incentives to artificially pump the token’s price and dump on retail investors.

🟢Movement’s legal counsel initially flagged the deal as “possibly the worst agreement” they’d ever seen, but it was eventually signed in a revised form.

Co-founder Rushi Manche is under investigation, along with unofficial adviser Sam Thapaliya, who employees say had hidden influence over the project. Movement Labs has suspended co-founder Rushi Manche following this scandal.

🟢Binance later banned the associated market-making account for misconduct.

🟢The Foundation is now auditing the matter and claims Movement is a victim of internal misrepresentation and poor oversight.

🟢The MOVE token dropped over 13% on the news, while the broader crypto market rose.

Coinbase announced it will suspend trading of Movement’s MOVE token on May 15 following a review prompted by a CoinDesk investigation into alleged price manipulation.

🔥 Have a great weekend ahead, stay safe and don't forget to buckle up; the cryptoverse is on the rise.

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