Hear ye, hear ye! Gather ’round, folks, for a tale of crypto intrigue, mystery, and a dash of sarcasm. A rumor swirled ’round the blockchain that TRON and Movement Labs had a clandestine rendezvous with WLFI, a project linked to the Trump dynasty. The alleged deal? A cool $10 million token swap. But, as it turns out, the whole thing was about as genuine as a three-dollar bill.
- TRON and Movement Labs assure us that their $TRX and $MOVE were acquired through honest-to-goodness market trades.
- WLFI boasts a crypto stash of $373M, including Ethereum, TRON, and AAVE.
Contrary to the whispers and wild speculations, TRON and Movement Labs declared they had no part in any secretive token swap agreement with WLFI. Instead, they revealed that their grip on $TRX and $MOVE came from legitimate market transactions, not cloak-and-dagger deals.
On-chain data backs up their story, showing that WLFI has a whopping 40.7 million $TRX (worth approximately 9.3 million greenbacks) and 2 million dollars’ worth of $MOVE tokens, both procured directly from the market. This evidence effectively debunks the rumored token swap deal.
TRON and Movement Labs: No Hanky-Panky with WLFI Tokens 💁♀️
Naturally, WLFI followed up with a public denial, insisting they weren’t selling or swapping tokens. Instead, they claimed they were merely reallocating their assets for business-related purposes. The denial was issued on X, the former Twitter, which is as reliable as a politician’s promise during election season.
As it turns out, WLFI has quite the crypto reserve, with on-chain data suggesting they have a fortune of about $373 million in various digital currencies, including Ethereum (ETH), USDC, Chainlink (LINK), AAVE, TRON (TRX), and Uniswap (UNI). In January 2023, WLFI purchased $10 million worth of Ethereum, and their wallet has been quite active on DeFi protocols ever since. They even launched their very own DeFi protocol, which managed to sell 20 billion WLFI tokens by January 2024, raking in a cool $300 million.
Despite receiving support from the likes of Justin Sun, WLFI hasn’t been without controversy. Mark Cuban and Anthony Scaramucci have both expressed reservations about the platform and its operations. The DeFi application offered by WLFI has been under scrutiny, especially as the U.S. presidential elections approach in 2024. So, stay tuned, dear readers, for more twists and turns in this wild crypto ride!
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2025-02-05 13:15