Movement Foundation: will transfer a portion of the tokens from the Ethereum mainnet MOVE Treasury Reserve to the native chain

BlockBeats News, November 19th, the Movement Foundation released a statement on the X platform, stating that after fulfilling the buyback commitment for four months, to increase the transparency of the tokens in the buyback wallet, it plans to transfer some of the tokens from the MOVE Strategic Reserve on the Ethereum mainnet to the Strategic Reserve on the native Movement Network to support ecosystem projects and incentive measures.

Movement stated that it will continue to regularly send ERC-20 tokens to exchanges to supplement and rebalance token supply, thereby re-enabling withdrawal functionality.