Movement Labs has been quite lively lately. Co-founder Rushi Manche left the team, and shortly after, he teamed up with a few mysterious partners to create a new venture—Nyx Group, focused on multi-strategy investments.

This new fund is quite ambitious, planning to allocate up to 100 million USD into liquidity markets. It primarily targets projects that are about to launch tokens, essentially aiming to intervene at the critical point around token listing. The timing is quite precise, especially since many projects are preparing for TGE this year.

However, the background of Manche's departure is a bit complicated. Previously, he caused controversy with market-making operations involving 66 million MOVE tokens, which accounted for about 5% of the total supply. Movement Labs was clearly dissatisfied with this, ultimately leading to their parting ways.

Now, with this experience in investment, is he trying to prove himself, or is he switching tracks to continue playing? The market will provide the answer. But on the other hand, transitioning from project founder to investor is a relatively common move in the industry.