4 hours ago
Representatives from 2 protocols that person tokens held by the treasury of World Liberty Financial (WLFI), a crypto task backed by President Donald Trump and his family, are denying the beingness of a token swap statement that required a $10 cardinal - $15 cardinal buy-in to get included successful the project.
A report from Blockworks connected Monday alleged that representatives from WLFI had pitched protocol teams connected a woody to get included successful the project’s treasury. The woody was they could bargain $10 cardinal WLFI tokens positive a 10 percent fee, and WLFI volition acquisition the aforesaid magnitude of their protocol’s tokens.
“There is nary token swap agreement,” a spokesperson from TRON told CoinDesk.
TRON’s TRX is the 2nd largest holding successful WLFI’s wallet, according to on-chain data curated by Arkham.
The WLFI wallet presently holds 40.7 cardinal TRX worthy $9.3 million. WLFI made these buys successful tranches throughout January.
Movement Labs, which saw its MOVE token leap successful precocious January erstwhile WLFI purchased $2 cardinal of it, and rumors swirled that the squad was successful treatment with Elon Musk-led Department of Government Efficiency, besides denied that determination was a swap statement successful place.
Rushi Manche, co-founder of Movement Labs, told CoinDesk earlier that they did not nonstop tokens to anyone including WLFI.
"There weren't immoderate deals — immoderate backmost doorway deals. It was purely conscionable marketplace buying," Manche told CoinDesk.
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