
rushi
11.1K posts




Overheard in Nashville, Tennessee, circa 2023: Team Tokens - 20% 2.5% Sam 2.5% Vinit from Polygon 3% Coop 3.5% Jason 0.5% Rushi 12% allocated 8% left if need to bring on others 10% strategic reserve aligning market makers, dev incentives, anything) 12% currently held by investors 18% open for investors (can be re-allocated as necessary) 5% market making 5% public sale $500k at 10m val, likely to be higher in future) 35% treasury (can be deployed to MM or re-allocated) 5% for incentivization used by Sam/Vinit What's going on at Movement, Cooper? Plot thickens



1. Young “founder” with good pedigree who serves as the face of the project. Disappears once enough shady stuff comes out 2. Actual founder who coordinates fundraising, hiring, execution behind the scenes 3. Ex CEX employee who handles listings and supply control Hyperliquid





been a brutal few weeks. lots of rumors circulating and internal drama. im excited to start clearing stuff up, reveal the story, and clear my name, starting with this article. honestly, mistakes were made. we trusted wrong advisors, mms, and folks going into a bear market. i personally trusted opportunistic administrators who acted as shadow decision makers behind the decisions with their own financial motives. these same representatives are the ones who broker deals, run financial treasuries, make hires, and "negotiate deals" behind the scenes while letting others take the blame. founders: please work with reputable firms that don't run their own agendas - their job is paperwork, not negotiations. movement has deviated far from the dream i had and it hurts me to see it like this. however, im still hopeful for the future of the ecosystem and helping our builders is largely where my current role is. the foundation team has appointed a team to handle operations on the token side and i get to go back to what i love doing. few bullets: 1) i have not personally OTC'd or sold a penny. movement was raising venture rounds and like other funding rounds, i was the primary fundraiser. any capital formed was via that route for the growth of the movement ecosystem. 2) any MM decisions were approved and supported by the entire foundation team. there were bad parties involved that corrupted the process (by representing both sides to profit) and the team is in the process of investigating. more to come soon. 3) i do not have any additional projects or advisories. the same "legal" folks are the ones spreading misinformation to the anons. i only have movement + angel bags. im sure the anons will have fun with this piece and would love nothing more to see movement go to zero. i hope for a future where movement comes back united and stronger than ever. the core team will still be here with movedrop this week, defi incentives kicking off a vibrant ecosystem, and movement NFTs hitting all time highs. gmove.









