HUGE: Movement generated near-zero revenue and fees for months before bankruptcy. DefiLlama data shows daily app revenue stayed below $800, while daily chain fees fell to single digits for months since November. Movement’s $MOVE token is down over 97% from its ATH, with its FDV collapsing to around $106M. Movement Labs has now filed for Chapter 11, listing just $100K in assets against liabilities of up to $10M.
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