US president Donald Trump’s DeFi project, World Liberty Finance, acquires 2.398M tokens of Move-based Ethereum L2, Movement (MOVE), or $1.85M worth, via CoW Protocol. The purchase is the first for the MOVE token, placing it among various other Ethereum-based tokens, including Ethereum (ETH), Aave (AAVE), Chainlink (LINK), Ethena (ENA), and more.
The timing of the purchase has also raised questions of insider trading, as an announcement soon followed after that Movement was one of the firms in discussion with Elon Musk for the Department of Government Efficiency (DOGE). The announcement sent the token price 11% higher, placing World Liberty Finance’s holdings in an instant profit. That said, World Liberty Finance has not sold any of the other tokens that they have acquired and are still holding their MOVE tokens as the price gradually retraces the initial move up.
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