TechFlow news, February 4 — According to CoinDesk, TRON and Movement Labs have both denied reaching any token swap agreement with World Liberty Financial (WLFI), a company backed by Donald Trump. On-chain data shows that WLFI currently holds 40.7 million TRX (worth approximately $9.3 million) and $2 million worth of MOVE tokens, all acquired through direct market purchases. Rushi Manche, co-founder of Movement Labs, emphasized that no over-the-counter transactions have taken place.
Previously, market rumors suggested that WLFI had proposed swap deals worth $10–15 million to multiple projects, requiring project teams to purchase WLFI tokens and pay a 10% fee, in exchange for which WLFI would buy an equivalent value of the project's tokens.
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