Trump, Musk, and a Token: The Wild Ride of MOVE’s 20% Surge! 🚀

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What to know:

  • In a delightful twist of fate, the MOVE token, that charming little Ethereum layer-2 network, leapt a staggering 20% on Tuesday, all thanks to whispers of its team engaging in tĂȘte-Ă -tĂȘte with the illustrious Elon Musk and his merry band at the Department of Government Efficiency.
  • Meanwhile, the ever-controversial World Liberty Financial, a DeFi protocol with ties to the Trump dynasty, decided to splash out a cool $2 million on MOVE tokens. Because why not? 💾

Ah, the native token of Movement, crafted with the finesse of the Facebook-born MoveVM coding language, experienced a delightful spike on Tuesday. This was, of course, after the Trump-backed World Liberty Financial decided to indulge in a little token shopping spree. And let’s not forget the juicy tidbit that the network is reportedly in talks with the Musk-led Department of Government Efficiency (yes, that’s a thing!).

In a fit of excitement, the MOVE token soared to $0.89 before deciding to take a breather, still managing to maintain a respectable 13% increase by the time the clock struck press time. Talk about a rollercoaster! 🎱

The token’s ascent coincided with World Liberty Financial, that delightful entity backed by none other than President Trump and his illustrious family, acquiring a total of $2 million worth of MOVE tokens in a series of transactions. The first of these delightful exchanges occurred at 14:22 UTC, as revealed by the ever-watchful Arkham Intelligence.

Adding a sprinkle of excitement to the mix was an X post from the ever-astute crypto detective dbnews at 14:48 UTC, suggesting that Movement is among the select few teams discussing the use of blockchain for government purposes. Yes, you heard that right! Elon Musk, the tech wizard at the helm of the Department of Government Efficiency, is reportedly on a quest to explore blockchain technology for various operations, including tracking federal spending, securing data, making payments, and managing buildings. Because who wouldn’t want to manage buildings with blockchain? 🏱

Rumor has it that DOGE representatives have been mingling with leaders from several public blockchains, as reported by Bloomberg last week. It’s a veritable soirĂ©e of crypto and politics!

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2025-01-28 19:16