Former Movement Labs Co-Founder Launches Nyx Group, Plans to Invest $100 Million to Support Token Projects

By: theblockbeats.news|2025/12/11 21:15:59

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BlockBeats News, December 11th. According to The Block, former Movement Labs co-founder Rushi Manche and several unnamed partners have launched Nyx Group. Nyx Group plans to inject up to $100 million into the liquidity market while providing operational support to token issuance projects' founders. Nyx Group has been operating for several months and has made some initial investments, but specific details have not been disclosed. It is expected that this funding will be deployed over the next few years.

Rushi Manche previously co-founded Movement Labs. Earlier this year, controversy arose as Manche was involved in a market-making arrangement related to 66 million MOVE tokens (approximately 5% of the total supply). Movement Labs subsequently terminated its collaboration with Manche.

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