Movement will then transfer another 50 million MOVE tokens, which it repurchased, back to CEX.

According to @EmberCN, Movement has transferred another 50 million MOVE tokens (worth approximately $2.51 million) that it previously repurchased to Binance.

In March, Movement was asked to conduct a $38 million token buyback. They subsequently withdrew a total of 180 million MOVE tokens from Binance to the on-chain public address for the buyback, with an average buyback price of $0.21.

However, after completing the buyback, they gradually transferred MOVE back into Binance. A total of 115 million MOVE tokens (worth approximately $10.91 million) from these buybacks have now been transferred back into Binance.