Representatives from two protocols which have tokens held by the treasury of World Liberty Monetary (WLFI), a crypto mission backed by President Donald Trump and his household, are denying the existence of a token swap settlement that required a $10 million – $15 million buy-in to get included within the mission.
A report from Blockworks on Monday alleged that representatives from WLFI had pitched protocol groups on a deal to get included within the mission’s treasury. The deal was they might purchase $10 million WLFI tokens plus a ten % charge, and WLFI will buy the identical quantity of their protocol’s tokens.
“There isn’t any token swap settlement,” a spokesperson from TRON informed CoinDesk.
TRON’s TRX is the second largest holding in WLFI’s pockets, according to on-chain data curated by Arkham.
The WLFI pockets presently holds 40.7 million TRX price $9.3 million. WLFI made these buys in tranches throughout January.
Motion Labs, which noticed its MOVE token bounce in late January when WLFI bought $2 million of it, and rumors swirled that the crew was in dialogue with Elon Musk-led Division of Authorities Effectivity, additionally denied that there was a swap settlement in place.
Rushi Manche, co-founder of Motion Labs, told CoinDesk earlier that they didn’t ship tokens to anybody together with WLFI.
“There weren’t any offers — any again door offers. It was purely simply market shopping for,” Manche informed CoinDesk.
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