MOVE Token Crashes After Coinbase Delisting Triggers $213M Volume Surge

Coinbase has announced it will suspend all MOVE token trading on its platforms at approximately 2 PM ET on May 15, 2025. The decision comes after the company conducted a routine compliance review, prompting immediate and intense reactions across the crypto market.

This suspension will affect Coinbase.com, Coinbase Exchange, and Coinbase Prime. As part of the transition, MOVE order books have already entered limit-only mode. The transition process includes implementing move order books to operate a limit-only mode. Traders can continue submitting or deleting their limit orders, but market trades are unavailable during this period.

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MOVE Token Suffers Sharp Price Drop Following Announcement

Following the announcement, trading volume for MOVE skyrocketed by over 93 percent within 24 hours. The market token value surged to $213.01 million in volume during this period of heightened speculative interest following mass panic selling.

MOVE’s price did not rise under pressure, dropping nearly 20 percent from previous stable levels. The token, which had been trading between $0.240 and $0.250, fell to $0.1973 as of the latest reporting.

The sudden drop came as market participants reacted to Coinbase’s delisting news. Many holders likely rushed to exit positions, contributing to the sharp decline and volatile trading environment.

Key Technical Indicators Reflect Caution Amid Volatility

Technical indicators provide divergent signals about the market’s future trajectory because of rising uncertainties surrounding the token. Under current negative market conditions, the token faces the potential to decline below $0.200, while support sits at $0.208.

The resistance points establish their positions at $0.2415 while the $0.250 to $0.255 area forms another strong barrier. The signal from MACD indicates potential price growth since its line moved above the signal line.

Current market fluctuation makes it hard to determine a definitive trend change. The RSI currently registers 30.3, which signals that the coin may soon reach an oversold position.

A brief market recovery might materialize provided this support level remains strong, and there is continued high trading volume. Coincodex experts expect a broad price area for Corcordium in May, starting at $0.24743 and ending at $0.832815, with an anticipated median value of $0.496773.

Conclusion

Coinbase’s decision to delist MOVE has triggered a wave of trading activity and market instability. With trading volume surging and price levels under stress, the next two weeks will be crucial for MOVE holders watching for signs of recovery or deeper losses.

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