US President Donald Trump and his family's cryptocurrency project World Liberty Financial (WLFI) have purchased many altcoins in recent months. In recent weeks, Tron (TRX) and Movement Labs (MOVE) have been added to these altcoins, and a claim has been made about these two altcoins.
Accordingly, it was claimed that altcoins named TRON and MOVE made a token swap agreement to be included in the WLFI project.
However, TRON and Movement Labs denied Trump's claims of a token swap with World Liberty Financial.
According to CoinDesk, TRON and Movement Labs denied the allegations, stating that they did not have any token swap agreement with Trump-backed DeFi project World Liberty Financial.
Allegedly, TRON and MOVE entered into a token swap agreement that required a purchase of $10 million to $15 million to be included in the WLFI project.
“There is no token swap agreement,” a TRON spokesperson said. Rushi Manche, co-founder of Movement Labs, said that they did not send tokens to anyone, including WLFI, adding, “There is no agreement. It was purely market buying.”
According to Arkham data, Tron (TRX) is the second largest asset in WLFI’s wallet, with the WLFI wallet currently holding 40.7 million TRX worth $9.3 million.
WLFI made these TRX purchases in chunks throughout January. WLFI also purchased $2 million worth of MOVE in late January.
*This is not investment advice.
