TRON and Movement Labs have publicly denied any existence of a token swap agreement related to their involvement in the World Liberty Financial (WLFI) project, which is backed by Donald Trump and his family. Reports suggested that there was a proposed $10 million to $15 million buy-in to include their tokens in WLFI’s treasury, where TRON’s TRX is notably the second-largest holding. A TRON spokesperson clarified that they were never pitched a token swap deal, and Movement Labs emphasized that their recent token purchases were merely market transactions rather than deals. Rushi Manche, co-founder of Movement Labs, stated that there were no backdoor deals and reiterated that all transactions were conducted in a legitimate market manner. This denial comes amid speculation following WLFI's substantial purchases of both TRX and MOVE tokens.

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