Recently, Donald Trump's cryptocurrency project, World Liberty Financial (WLFI), has attracted attention for acquiring significant amounts of altcoins, including TRON (TRX) and Movement Labs (MOVE).
Recent WLFI Purchases
According to Arkham data, the second largest asset in the WLFI wallet is 40.7 million TRX worth $9.3 million. These purchases were made throughout January. Additionally, WLFI purchased $2 million worth of MOVE in late January.
Essence of Allegations
Sources claimed that TRON and Movement Labs made a token swap agreement to be included in the WLFI project, which allegedly involved a token purchase of $10 million to $15 million.
TRON and Movement Labs' Response
TRON and Movement Labs have denied having any token swap agreement with World Liberty Financial. A TRON spokesperson stated, 'There is no token swap agreement.' Rushi Manche, co-founder of Movement Labs, added that they did not send tokens to anyone, mentioning that the purchases were merely market buying.
In conclusion, the alleged token swap deals between TRON and MOVE with Donald Trump's cryptocurrency project are unsubstantiated, revealing that purchases were conducted solely on the open market.
