Most Influential: Rushi Manche

Rushi Manche, co-founder of Movement Labs, faced scandal and subsequent firing after internal documents revealed contentious market-making deals connected to the MOVE token launch. Under Manche's leadership, Movement Labs signed a contract with Rentech, an intermediary firm that simultaneously acted as an agent for the project and a subsidiary of Web3Port. This arrangement gave Rentech control over approximately 66 million MOVE tokens (about 5% of the total supply), which were subsequently dumped onto the market. The dumping caused a sharp price collapse and significant investor backlash, leading major exchanges like Coinbase to suspend or delist the token. The scandal resulted in Manche's suspension and eventual firing, causing reputational damage and a steep fall in token value, while also intensifying industry-wide scrutiny over opaque token allocations and insider trading risks.

(Source：CoinDesk)