TRON and Movement Labs have denied claims of acquiring their assets through a $10 million token swap deal with World Liberty Financial (WLFI).
Denial of $10 Million Token Swap
TRON and Movement Labs stated that their holdings in TRX and MOVE were secured through conventional market transactions. This refutes the claims that they participated in private deals with WLFI, a project backed by President Donald Trump and his family.
Confirmed WLFI Holdings
Data shows that WLFI holds 40.7 million TRX worth approximately $9.3 million and $2 million in MOVE tokens, both acquired directly from the market. The project also clarified that they do not engage in token sales, only reallocating assets for regular business purposes.
WLFI's Cryptocurrency Investments
WLFI holds significant assets in Ethereum, USDC, Chainlink, AAVE, TRON, and Uniswap. According to on-chain data, the platform owns cryptocurrencies valued at $373 million. In January 2023, WLFI purchased $10 million worth of Ethereum and has been actively involved in the DeFi sector, launching their DeFi platform ahead of the 2024 U.S. presidential election.
TRON and Movement Labs maintain that their market purchases of TRX and MOVE are unrelated to private deals with WLFI. Meanwhile, WLFI continues to enhance its holdings in a variety of cryptocurrencies.
