MOVE Hits All-Time Low After MVMT Labs Bankruptcy: What Happens Next?
MVMT Labs, Inc., the unique developer of the Movement blockchain, filed for Chapter 11 chapter in Delaware on July 15, 2026. Days later, the Movement (MOVE) token slid to an all-time low of $0.0104.
Move Industries, the separate firm that took over ecosystem growth in 2025, says the case doesn’t contact its operations. MOVE trades close to $0.0108, down 94% over the previous 12 months.
Inside the MVMT Labs Bankruptcy Filing
Court records present a voluntary Subchapter V petition, a streamlined Chapter 11 observe for small companies. Case 26-11113 sits earlier than Judge Thomas M. Horan within the District of Delaware.
The petition lists property between $100,001 and $1 million in opposition to liabilities of $1 million to $10 million. Creditors quantity between 200 and 999.
The property is a fraction of the venture’s former scale. MOVE peaked at $1.45 in December 2024 earlier than a disputed market making deal dumped 66 million tokens on launch day and crushed the value.
The fallout produced a market maker misconduct probe, a Binance ban on the account concerned, and trade delistings. MVMT Labs additionally faces a Delaware Chancery lawsuit from suspended co-founder Rushi Manche.
Move Industries Says It Is Full Steam Ahead
The remaining staff rebranded to Move Industries in May 2025 beneath CEO Torab Torabi. It pivoted towards stablecoin funds for rising markets this June. On July 21, Torabi rejected speak of a venture collapse.
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Markets have but to reward that confidence. MOVE holds a $45 million market cap at rank 473, and its price action this week will present whether or not merchants purchase the separation.
The court docket expects a restructuring plan by October 13, 2026, which can reveal what stays contained in the bankrupt entity.
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