TRON and Movement Labs Reject Claims of Token Swap Agreement with WLFI
Representatives from two protocols associated with World Liberty Financial (WLFI), a crypto project linked to Donald Trump, have denied claims of a token swap agreement requiring a $10 million - $15 million buy-in.
- A report alleged WLFI pitched protocol teams on purchasing $10 million in WLFI tokens, plus a 10% fee, and WLFI would reciprocate by buying the same amount of their tokens.
- TRON's spokesperson stated, "There is no token swap agreement." TRON's TRX constitutes the second largest holding in WLFI’s wallet.
- The WLFI wallet contains 40.7 million TRX valued at $9.3 million, acquired in multiple tranches throughout January.
- Movement Labs also refuted any swap agreement, confirming no tokens were sent to WLFI. Co-founder Rushi Manche emphasized there were no backdoor deals, only market buying.