Seeing the timeline flooded with comments about Movement going bankrupt and running away—yes, that so-called superstar public chain that raised $140 million—I want to share a different perspective: It doesn’t feel like running away; it’s more like a strategic separation of responsibilities. The project team still seems unwilling to let go of this ID. From the public statements of @movement_xyz’s new CEO @torabyou: they clarified that the entity filing for bankruptcy protection is the former fundraising entity, MVMT Labs, not the current operational team, Move Industries. In plain terms, they’re pinning all the blame on the old shell company, MVMT Labs, led by the former CEO rushi, while the new shell, Move Industries, emerges spotless and untarnished. After all, Movement’s current TVL is still above its big brother in the Move ecosystem, @Aptos. And compared to other high-performance public chains launched in the same cycle, like Berachain and MegaETH, Movement has left them all in the dust. To put it bluntly, the Movement ID is still a hot commodity, and these sly project teams know exactly what they’re doing.