Wu has learned that, according to DeFiLlama data, since last November, Movement’s on-chain app has long generated daily revenue of less than $800, while the chain’s daily fees have long remained in single digits, with fees of only $1 over the past 24 hours. However, Movement’s total funding raised has reached $141.4 million; the token’s current FDV is $107 million, down more than 99% from its peak. Currently, Movement Labs, the developer of the Movement blockchain, has filed for bankruptcy.