Movement Foundation: Part of the MOVE strategic reserve tokens will be transferred from Ethereum mainnet to the native chain

Jinse Finance reported that the Movement Foundation stated on X that it has been four months since fulfilling its buyback commitment. To enhance the transparency of tokens in the buyback wallet, the foundation plans to transfer a portion of tokens from the MOVE strategic reserve on Ethereum mainnet to the strategic reserve on the native Movement Network, in order to support ecosystem projects and incentive measures. Movement also stated that it will continue to regularly send ERC-20 tokens to exchanges to supplement and rebalance token supply, thereby re-enabling the withdrawal function.