TRON and Movement Labs Reject Claims of Token Swap with WLFI
TRON and Movement Labs have denied allegations of a secret token swap agreement with World Liberty Financial (WLFI). Both projects aimed to clarify the situation following reports suggesting WLFI proposed a deal where they would purchase $10 million to $15 million in WLFI tokens and, in return, acquire an equivalent amount of the blockchain’s native tokens.
Key Points
- WLFI holds 40.7 million TRX, valued at $9.3 million, but TRON's spokesperson stated there is no token swap agreement.
- WLFI also purchased $2 million worth of MOVE tokens from Movement Labs, but co-founder Rushi Manche confirmed no tokens were sent to WLFI.
- Concerns persist regarding transparency in crypto partnerships, especially those involving high-profile figures like Donald Trump.
- Investors remain vigilant about undisclosed deals as the industry seeks increased accountability.