Movement Labs
EndedMovement's MoveDrop gave 1 billion MOVE, 10% of supply, to testnet users, with claims opening on 9 December 2024. The project then had a troubled 2025.
Airdrop Details
| Reward Type | MOVE (MoveDrop, 10% of supply) |
|---|---|
| Blockchain Network | Movement (M1) |
| Industry / Category | Layer 2 |
| Ecosystem | Movement (M1) |
| Time Required | ~ 10 Minutes |
| Eligibility | Task Based |
| End Date | 09 Dec 2024 |
About The Project
Movement is a network that uses the Move programming language, and it launched its MOVE token with a large airdrop called MoveDrop. Decrypt reported the airdrop at about $830 million at launch prices, and The Defiant put the token at a $7 billion fully diluted valuation.
Earlier text on this page described an open campaign. It ended in December 2024.
Why This Airdrop Matters
The airdrop
MoveDrop provided 1 billion MOVE to eligible communities and to participants who had completed transactions and quests on the Movement testnet, with anti-sybil checks and rewards linked to transaction counts and quest completion. The snapshot was taken on 23 November 2024, registration closed on 2 December 2024 at 2 PM UTC, and claims opened on 9 December 2024, initially on Ethereum where MOVE is an ERC-20 token. Users who waited for the mainnet could potentially receive a 1.25x multiplier, though sources describe that bonus as conditional.
What went wrong
In 2025 the Movement Labs team investigated a market-maker deal that led to a dump of 66 million MOVE. Coinbase suspended trading of MOVE from 15 May 2025. In December 2025, Move Industries became the primary service provider for the Movement Network Foundation, and the project completed its move to a standalone Layer 1 called M1 by the end of 2025. Forklog also reported that Movement Labs filed for Chapter 11 bankruptcy.
The sequence is a reminder that an airdrop is the start of a token's life and not the end. A token launched at a multi-billion-dollar valuation, with market makers and exchange listings arranged in advance, can still fall hard when conduct and governance are questioned.
If you hold MOVE from the airdrop, the practical points are the project's governance after the transition, the liquidity on your venue and the reliability of any claim you may still have.
Participation Guide
The MoveDrop claim window has long closed. If you received MOVE, check the official Movement Network Foundation site for the current status of the token, and verify the contract before trading. Do not respond to messages offering an "M1 migration bonus" unless the foundation publishes the same offer. Read the reporting on the 2025 events before deciding whether to hold.
Connect Wallet
Connect your wallet using only official verified links.
Join Community
Follow social accounts and join community channels.
Complete Tasks
Execute platform tasks, quests, or testnet actions to earn points.
Claim Rewards
Track your eligibility and wait for the official claim dates.
Detailed Tasks Requirements
- The snapshot was on 23 November 2024 and claims opened on 9 December 2024.
- A 66 million MOVE market-maker dump was reported in 2025.
- Coinbase suspended trading of MOVE from 15 May 2025.
Frequently Asked Questions
1 billion, 10% of supply.
9 December 2024, on Ethereum.
A market-maker deal investigated by the team in 2025.
The standalone Layer 1 Movement completed its transition to by the end of 2025.
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