TRON and Movement Labs Reject Reports of a ‘Token Swap’ Partnership Aimed at World Liberty Financial Inclusion.

TRON and Movement Labs Deny Reports of Token Swap Deal for Trump-Backed Project

Representatives from TRON and Movement Labs, whose tokens are held by World Liberty Financial (WLFI)—a cryptocurrency project supported by former President Donald Trump and his family—are denying allegations of a token swap agreement involving a $10 million to $15 million buy-in for participation in the project.

A report from Blockworks on Monday claimed that WLFI had pitched a deal to various protocol teams, offering them the chance to include their tokens in the project’s treasury. The proposal allegedly required protocols to buy $10 million worth of WLFI tokens, plus a 10% fee, with WLFI agreeing to purchase the same amount of the protocol’s tokens in return.

However, TRON quickly dismissed these claims. A representative for TRON told CoinDesk, “There is no token swap agreement.”

TRON’s TRX is currently the second-largest asset in WLFI’s holdings, according to blockchain data compiled by Arkham. The WLFI wallet contains 40.7 million TRX, valued at approximately $9.3 million, which has been acquired in several purchases throughout January.

Similarly, Movement Labs, whose MOVE token experienced a sharp rise in January when WLFI bought $2 million of it, also denied any token swap arrangement. Rushi Manche, Movement Labs’ co-founder, clarified to CoinDesk, “There were no deals—no secret agreements. It was simply market-based buying.”

These statements come in response to the growing rumors surrounding WLFI’s involvement with influential figures and the purchase of tokens, with no official confirmation of any swap agreements. Both TRON and Movement Labs continue to stress that their dealings with WLFI were strictly transactional and not tied to any formal agreement.