1 month ago
The autochthonal token of Movement, an Ethereum layer-2 web built utilizing the Facebook-created MoveVM coding language, jumped connected Tuesday aft Donald Trump-backed World Liberty Financial purchased tokens. There was besides a caller study that the web is among the blockchains successful treatment with the Elon Musk-led Department of Government Efficiency (DOGE).
The MOVE token spiked arsenic overmuch arsenic 20% to $0.89 connected the quality earlier paring immoderate of the gains, inactive up 13% during the time astatine property time.
The beforehand happened arsenic World Liberty Financial, which is backed by President Donald Trump and his family, acquired a full of $2 cardinal worthy of MOVE tokens successful respective batches during the U.S. greeting hours, with the archetypal transaction occurring astatine 14:22 UTC, blockchain data by Arkham Intelligence shows.
Adding to the gains was an X post by well-followed crypto sleuth dbnews astatine 14:48 UTC that Movement is 1 of the teams that discussed blockchain usage for the government. Elon Musk, the tech entrepreneur who is the caput of the Department of Government Efficiency tasked with uncovering ways to chopped authorities expenses, is reportedly exploring blockchain tech for operations including to way national spending, unafraid data, marque payments and negociate buildings. DOGE representatives person reportedly held conversations with leaders from respective nationalist blockchains, Bloomberg reported past week.
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