Movve Wallet Review: Legit AI Bots, and Another MLM Crypto or SCAM?
- Uncategorized
- January 22, 2026
There’s a familiar rhythm to crypto MLM launches now.
A flashy website.
A charismatic founder.
Daily ROI promises.
A sprinkle of AI buzzwords.
And, of course, Dubai.
Movve Wallet checks every box.
It markets itself as a sleek crypto wallet powered by advanced AI trading. In reality, it looks like another repackaged MLM investment scheme built on recruitment, recycled money, and very optimistic math.
Let’s break it down.
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Let’s dig in.
Who Runs Movve Wallet?
Movve Wallet is fronted by CEO Melk Franco.
Franco’s early background is in martial arts, but at some point he pivoted into the familiar role of “forex entrepreneur.” According to his own corporate bio, he is also the founder and manager of MFX Trading School.
That name matters.
MFX Trading School was a Dubai-based trading scheme launched around the COVID-era boom. It targeted Portuguese-speaking audiences and operated through the now-defunct domain mfxcorporation.com.
The project appears to have quietly failed.
By January 2023, its Instagram page — the last remaining sign of life — was abandoned.
Fast forward to 2025, and Franco resurfaces with Movve Wallet.
The Movve Wallet domain (movvewallet.com) was privately registered on August 9th, 2025. Based on Franco’s own social media activity, he is still operating out of Dubai.
That’s not a coincidence.
Dubai has become the preferred jurisdiction for crypto MLM schemes precisely because enforcement is weak and cross-border accountability is minimal.
Movve Wallet’s Products
There are none.
Movve Wallet does not sell software, tools, subscriptions, or services to retail customers.
The only thing being marketed is Movve Wallet promoter membership, which exists solely to funnel investment into the system.
Movve Wallet’s Compensation Plan
Movve Wallet requires promoters to invest cryptocurrency, starting at a minimum of $35, with full participation requiring $100.
In return, investors are promised Monday through Friday daily returns of up to 1.5%.
Returns are capped at 300%, including:
- The original investment
- Referral commissions
- Binary bonuses
Once the cap is reached, reinvestment is required to continue earning.
Movve Wallet also takes a 7% withdrawal fee, which conveniently discourages people from actually taking money out.
Instead, promoters are encouraged to roll earnings into a so-called “savings account”, paying 7% monthly — effectively locking funds inside the system even longer.
This is not accidental. Liquidity retention is critical in schemes like this.
Referral Commissions
Movve Wallet pays 7% direct referral commissions on cryptocurrency invested by personally recruited promoters.
That’s the bait.
The real money is pitched through residual commissions.
Residual Commissions (Binary Structure)
Movve Wallet uses a binary compensation plan.
Each promoter has two legs — left and right. New recruits are placed into these legs through direct or indirect recruitment.
At the end of each day:
- Investment volume on both sides is tallied
- Commissions are paid as 7% of the weaker leg’s volume
- Volume is then flushed and matched against the stronger leg
To qualify, a promoter must:
- Maintain a minimum $100 active investment
- Personally recruit two promoters, one placed on each side, who also maintain $100 investments
In short, you don’t get paid unless you recruit.
Joining Movve Wallet Reviews?
Movve Wallet promoter membership is free.
To earn anything meaningful, you must invest at least $100 in cryptocurrency.
Movve Wallet does not clearly disclose which cryptocurrencies it accepts, which is another unnecessary layer of opacity.
The Trading Ruse
Movve Wallet claims its returns are generated by an AI-powered trading system:
“Our machine learning-powered bot analyzes patterns, continuously learns, and executes orders with precision in the Forex, Cryptocurrency, and Indices markets.”
Despite only existing for about six months, Movve Wallet claims “2 years of consistency and profitability.”
That alone should stop most people in their tracks.
No audited financials are provided.
No trading records are shown.
No regulatory filings exist.
And the fundamental question remains unanswered:
If Melk Franco truly had a bot capable of producing up to 1.5% per trading day with consistency, why would he need outside money at all?
Additional Red Flags
Movve Wallet appears to be actively targeting China, based on Franco’s own social media posts.
That’s a problem.
MLM is illegal in China without a government license, and Movve Wallet provides no evidence it has one.
Then there’s Sanderley Rodrigues de Vasconcelos, better known as Sann Rodrigues.
Rodrigues is a known serial MLM fraud figure, most famously a top net-winner in the TelexFree Ponzi scheme, which collapsed after stealing billions.
He later settled with U.S. regulators for $1.7 million and faced criminal charges in Brazil before allegedly relocating to Portugal.
Behind the scenes, Rodrigues has continued appearing in collapsed crypto MLM schemes — including Binaxx, which folded in 2022.
His association with Movve Wallet does not inspire confidence.
Final Verdict
Movve Wallet offers nothing new.
It is another Dubai-based crypto MLM promising daily returns through vague AI trading claims, funded entirely by incoming investor money.
There is:
- No retail product
- No verifiable external revenue
- No regulatory registration
- No transparency
As it stands, new investment is the only identifiable source of funds entering Movve Wallet.
Using new investment to pay earlier participants fits the textbook definition of a Ponzi scheme. Layering a binary recruitment model on top turns it into a pyramid scheme as well.
When recruitment slows, payouts stop.
When payouts stop, the platform disappears.
The math guarantees that outcome.
As always, the majority of participants will lose money — while a small group at the top walks away early.
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