TRON and Movement Labs deny reaching a token swap agreement with WLFI

ChainCatcher news, according to CoinDesk, TRON and Movement Labs have both denied reaching a token swap agreement with World Liberty Financial (WLFI), which is supported by Trump. On-chain data shows that WLFI currently holds 40.7 million TRX (approximately $9.3 million) and $2 million worth of MOVE tokens, all purchased directly from the market. Movement Labs co-founder Rushi Manche emphasized that no over-the-counter transactions have taken place.

Previously, market rumors suggested that WLFI proposed a swap plan of $10-15 million to multiple projects, requiring project parties to purchase WLFI tokens and pay a 10% fee, in exchange for which WLFI would acquire an equivalent amount of project tokens.