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Trump's World Liberty Financial (WLFI) Purchases MOVE Worth $2 Million

Source
JH Kim
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  • World Liberty Financial (WLFI) reported purchasing MOVE worth a total of $2 million.
  • This positions WLFI as the 10th largest holder of MOVE.
  • Questions about potential insider trading have been raised.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

According to The Block, a cryptocurrency-focused media outlet, the address of Trump's DeFi project, World Liberty Financial (WLFI), has purchased MOVE worth a total of $2 million.

This makes WLFI the 10th largest holder of MOVE. The media reported, "There are questions being raised about potential insider trading related to this."

Previously, there was a report that Movement Labs, the developer of the MOVE language-based blockchain, was one of the companies in discussions with the Department of Government Efficiency (D.O.G.E) regarding blockchain technology. In response, Movement Labs founder Rushi Manche refuted, saying "This is not true."

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