Summary
- 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.
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."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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