Why Did MMT Drop? How Did Transfers Impact the Price?

According to data shared by Suiscan, a wallet identified as 0xe7cd…7a88a4 and linked to the Momentum team sent 38 million MMT to Binance on November 5 at 16:00 (UTC+8). The transferred tokens were worth approximately $45.6 million. These funds originated from the second-largest MMT holder, wallet 0x1b4d2…7355c8, which controls 18.57% of the total supply.

This major wallet distributed 89.476 million MMT to 12 different addresses between November 4 at 18:41 and November 5 at 00:12 (UTC+8). Some of these addresses later sent tokens to centralized exchanges (CEXs). The timing of the transfers, occurring simultaneously with the Binance listing, immediately drew attention across on-chain analytics platforms.

Price Surge and Crash After Binance Listing

MMT started trading on Binance at $0.10. Within 12 hours, the token surged above $4.40, and on some platforms, brief spikes above $10 were recorded. However, the rally was short-lived. Shortly after, MMT price fell by 86%, dropping to around $0.59. Trading volume quickly increased, resulting in heightened volatility.

Why Did MMT Crash? On-Chain Data Reveals Key Factors

Several on-chain indicators point to the reasons behind the sudden decline:

• The transfer of 38 million MMT to Binance created strong selling pressure.

• The movement of a large portion of the supply into exchanges weakened market depth and affected liquidity.

• After a rapid gain of over 1,300%, investors began taking profits.

• The distribution of more than 89 million MMT to multiple addresses increased circulating supply in a very short time.

These data show that the price drop was not solely speculative but closely tied to token inflow into exchanges, increased circulating supply, and profit-taking behavior.

Impact of Whale Wallets on Market Sentiment

On-chain analytics platforms confirmed detailed movements from the second-largest wallet holding 18.57% of the total supply. The transfer of substantial token amounts to centralized exchanges exerted immediate downward pressure on the price chart. This shifted investor focus directly onto these wallets and raised concerns over insider activity and supply manipulation.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Why Did Momentum (MMT) Crash? 38M Tokens Moved to Binance appeared first on Coin Engineer.

Why Did the Price Drop?

The rally did not last long. Heavy profit-taking pushed the price down to $1.19. As Binance hype faded and speculative trading overshadowed organic demand, selling pressure increased. The psychological support at $4 broke down, and the market shifted into a typical post-pump correction phase. Early investors locking in profits, declining hype, and new token supply entering circulation accelerated the decline.

Binance Listing and Key Drivers of the Rally

Binance did not only enable spot trading for MMT; it also launched a 2 million MMT reward pool and announced an exclusive HODLer airdrop for BNB holders. This triggered a rapid flow of liquidity from the Binance ecosystem into MMT.

Only about 204 million MMT tokens were in circulation during the listing, representing a small portion of the total supply. With low supply and strong demand, the price quickly climbed from $0.10 to $1 and then above $4 within hours.

Behavioral Analysis: FOMO, Social Media and Rapid Profit Expectations

Google Trends data shows that searches for “MMT Coin” jumped over 2000% within 48 hours after the listing announcement. Social media triggered a wave of FOMO. Instead of selling during the price rise, many investors chose to hold, which further limited circulating supply. Late buyers entered at higher levels, pushing the price up to $4.47. This cycle was the result of investor psychology combined with thin liquidity.

Token Unlock Schedule and Investor Risks

Momentum Finance has only released a small portion of its total supply into circulation. Around 204 million MMT were available during the Binance listing, while the rest remains locked for team members, early investors, ecosystem incentives and liquidity.

These locked tokens will gradually be unlocked, potentially creating selling pressure over time. Major risks include:

– Team and early investor tokens entering the market after vesting periods.
– Staking and liquidity mining rewards increasing the circulating supply.
– Lack of a fully transparent vesting schedule, which can weaken investor trust.
– Post-pump market uncertainty, making investors more likely to sell newly unlocked tokens.

What Is Momentum (MMT)?

Momentum is a decentralized exchange (DEX) built on the Sui Network that uses a capital-efficient concentrated liquidity model. It allows liquidity providers to supply funds within specific price ranges, resulting in lower trading costs and higher returns.

With over $700 million in Total Value Locked (TVL) and $1.8 billion in volume, Momentum has become the main liquidity layer of the Sui ecosystem.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates

The post MMT Surges 4000% After Binance Listing – Price & Unlock Risks appeared first on Coin Engineer.

This listing comes amid rising interest in Momentum Finance in Asian markets. Upbit’s decision to list MMT is seen as a strategic move that could expand the token’s trading volume and broaden its global reach.

What Is Momentum Finance (MMT)?

Momentum Finance is an ecosystem built on the Sui blockchain, designed to provide users with deep liquidity, high-efficiency trading tools, and multi-layered DeFi solutions. The project enables both individual and institutional investors to easily access a wide range of DeFi products through a single platform.

With its advanced technology infrastructure and user-focused design, Momentum Finance aims to become an “all-in-one DeFi hub” within the decentralized finance space. The ecosystem leverages automated market maker (AMM) architecture and dynamic liquidity pools to enhance trading efficiency for its users.

Market Impact of the Upbit Listing

According to experts, Upbit’s decision to list Momentum Finance (MMT) could significantly increase the token’s liquidity and trading volume. Strong investor interest from Asian markets may rapidly boost MMT’s transaction activity, potentially having a positive short-term impact on its price.

Given Upbit’s major influence within the South Korean crypto ecosystem, this listing is also viewed as a move that will enhance Momentum Finance’s brand credibility. Some market analysts believe that MMT could gain upward momentum following its addition to Upbit.

A Rising Star in DeFi

The listing of Momentum Finance (MMT) on Upbit further solidifies the project’s growing momentum in the DeFi sector. This move could help MMT reach more users across Asian markets and strengthen its position in the global decentralized finance landscape. Upbit’s latest listing decision once again highlights Momentum Finance’s potential as one of the most promising emerging projects in the DeFi ecosystem.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Upbit Announces New Altcoin Listing! Here Are the Details appeared first on Coin Engineer.

What is Momentum (MMT)?

Momentum is a decentralized exchange operating within the Move ecosystem, utilizing a capital-efficient concentrated liquidity model. It allows LPs to provide liquidity within custom price ranges, delivering better trade execution for traders and higher fee returns for LPs. With over $700 million in TVL and $1.8 billion in trading volume, Momentum stands out as the core liquidity layer on the Sui Network.

Sustainable Liquidity

Momentum ensures long-term liquidity by aligning incentives around active price ranges. LPs are rewarded not only with trading fees but also with protocol incentives and ecosystem grants, maintaining liquidity even during low market volatility.

Precision Incentives

Rewards are dynamically distributed based on active liquidity and market demand. Incentives are directed toward liquidity that supports actual trading activity, enhancing capital efficiency and reducing waste.

Lower Transaction Costs

A tiered fee structure and deep liquidity reduce slippage. Stablecoin pairs offer near-zero slippage, while volatile assets are paired with optimized fee tiers that balance volume and yield.

Built for Composability

Momentum integrates natively with protocols, stablecoins, and BTCFi primitives in the Move ecosystem. Its modular architecture supports permissionless pool creation and automated strategies.

Concentrated Liquidity (CLMM)

CLMM enables LPs to concentrate liquidity in specific price ranges, boosting capital efficiency, reducing slippage, and increasing fee returns. Liquidity becomes inactive if the price moves outside the range; LPs can adjust ranges to adapt.

Active Liquidity

Liquidity is active and earns fees only within the specified range. Price fluctuations alter LP asset composition; LPs can open multiple range positions to optimize returns. Liquidity concentrates around high-trading price levels, aligning with market demand.

Swap Transactions

Users swap tokens from the pool; a small fee is distributed to LPs as an incentive.

Price Impact and Slippage

Deep liquidity minimizes price impact; shallow liquidity causes slippage. Slippage tolerance prevents unexpected losses.

Fees

Swap Fees: Distributed proportionally to active LPs, tracked separately. Transactions are executed decentrally on Sui, Aptos, and Movement Labs.

Fee Tiers: Range from 0.01% to 2%, with low tiers for stablecoins and high tiers for volatile assets.

Protocol Fees: 20% of swap fees go to the Momentum treasury; 100% of incentives go to LPs.

Liquidity Mining

Rewards are dynamically allocated based on fee contribution, prioritizing active LPs.

Position NFTs

An NFT is issued when liquidity is added, containing position ID, pool, price range, and amount. LPs use NFTs to claim fees and rewards; some pools allow staking for extra yield.

Performance-Based Rewards

Rewards are distributed in real-time based on a position’s fee contribution, encouraging efficient liquidity placement.

Range Orders

LPs use single-sided liquidity for limit order-like strategies:

Take-Profit: Sell at a higher price (e.g., BTC at 21,000 USDC).

Buy-Limit: Buy at a lower price (e.g., BTC at 19,000 USDC).

Management: Liquidity must be withdrawn after the range is passed; narrow ranges execute quickly, wide ranges generate more fees but require volatility adjustments. Third-party tools support automation.

This model allows LPs to act like traders, optimizing strategies and earning passive income.

Airdrop on Momentum

By increasing trading volume and performing swaps on the Momentum platform, you can enhance your network activity. This boosts your chances of receiving an airdrop based on your rank in a potential airdrop event. To claim tokens from your positions, click “Add Liquidity” on your preferred pair to start farming.

How to Connect a Wallet to Momentum?

To begin wallet connection and swap operations, you need to register by connecting to the Momentum App. Click here to register with a commission discount.

Click the “Connect Wallet” button in the top right corner.

Select your preferred wallet, enter the necessary details, and complete the process.

Momentum supports most major Sui-compatible wallets, including OKX, Sui Wallet, Stashed, Bitget, Gate, and even MetaMask via Sui Snap integration.

How to Perform a Swap on Momentum?

To perform a swap, click the “Trade” button in the top left corner.

Select the token you want to swap (A) and the token you want to receive (B) by clicking the “Token” button in the swap menu. For this demo, we’ll use the SUI/USDC pair.

Optionally, adjust the Maximum Slippage setting in the top right corner of the swap menu.

Then, click “Swap Now” and complete the transaction.

Adding Liquidity

Access Momentum’s Liquidity Pools page by clicking the “Liquidity” button in the top left corner.

Find the token pair you want to provide liquidity for, then click the “Add Liquidity” button on the right.

Set your Price Range by:

A) Selecting a ±% Preset,

B) Dragging the sliders on the liquidity chart, or

C) Manually entering values at the bottom.

Setting a Price Range

To deposit a single token, enable the “Single Token Deposit” slider in the Deposit Amounts menu. Enter the amount of the token you wish to deposit and click “Add Liquidity.”

After receiving the prompt from your wallet, click “Confirm.” You will receive a notification in the bottom right confirming that liquidity has been successfully added.

Momentum’s Strategic Investment Round

Lead Investor: OKX Ventures

Participants: Coinbase Ventures, Protagonist, Gate Ventures, MEXC Ventures, KuCoin Ventures, DNA Fund

Angel Investors: Adeniyi Abiodun (SUI), Lark Davis (CryptoLark), Nom (BONK), Nic Puckrin (CoinBureau), Michael Heinrich (Zero Gravity), Monke Ventures

Momentum Founding Team

ChefWEN: Leads as Momentum’s Founder and CEO.

Vinny: Shapes Momentum’s strategic vision as Chief Strategy Officer.

Vinson Leow: Manages user experience and operational processes as CXO.

Official Links

• Momentum Website
• Momentum Twitter
• Momentum Whitepaper

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What Is Momentum (MMT)? What Is It Used For? appeared first on Coin Engineer.