TRON and Movement Labs Reject Claims of Token Swap Involvement in Trump-Backed Project
TRON and Movement Labs deny reports of a proposed token swap deal for inclusion in the World Liberty Financial project backed by Donald Trump, clarifying their involvement was solely related to market transactions.
What to Know:
- TRON claims no token swap deal exists for inclusion in WLFI.
- Movement Labs states its involvement was limited to market buying.
Representatives from TRON and Movement Labs have denied allegations regarding a purported token swap agreement with World Liberty Financial (WLFI), a cryptocurrency venture backed by President Donald Trump and his family. These claims suggested a $10 million - $15 million investment was necessary for participation in the project.
A report highlighted that WLFI had proposed this arrangement whereby protocol teams could purchase WLFI tokens for inclusion in its treasury. In return, WLFI would acquire an equivalent number of their tokens.
“There is no token swap agreement,” a spokesperson for TRON stated.
Translation: “Non esiste alcun accordo di scambio di token,” ha dichiarato un portavoce di TRON.
TRON’s TRX is prominently held in WLFI’s wallet, which currently contains tokens valued at $9.3 million. Notably, the report also touched upon Movement Labs, emphasizing their prior success when WLFI purchased $2 million worth of their MOVE token.
Manche elaborated, stating, “There weren’t any deals — any back door deals. It was purely just market buying.”
“Non ci sono stati accordi — nessun accordo segreto. È stato puramente un acquisto di mercato.”
