Momentum is a global financial operating system designed for the tokenized future. Built in the Move programming language and powered by the ve(3,3) governance model, it aims to deliver next-generation liquidity solutions for decentralized finance (DeFi). At its core lies Momentum DEX, a Concentrated Liquidity Market Maker (CLMM) decentralized exchange inspired by Uniswap v3, optimized for the Sui network and the broader Move ecosystem.
MMT has dropped by 65.14% in the last 24 hours, drawing attention for its sharp volatility.
Reports suggesting that a wallet linked to the Momentum team transferred millions of MMT tokens to centralized exchanges may have contributed to the token’s sharp decline.
