Move Token jumped by 16 % on Wednesday amid rumors that Elon Musk is considering a kinetic movement of the government transparency initiative.
Movement (MoveThe symbol earned 16 % on January 29, with reports appearing Elon MuskThe government efficiency team at the Ministry of Government evaluates Blockchain Transparency efforts. in X post On January 28, Walter Bloomberg, citing a source familiar with the matter, stated that "the movement between companies that discuss Blockchain's use with the Musk's Doge team."
At the same time, analysts on the chain I was monitored A large purchase of World Liberty Financial, the President's encryption project Donald Trump. The company bought about $ 2 million of distinctive symbols, which paid the price from $ 0.71 to more than $ 0.88 before settling about $ 0.80. The purchase rapidly raised concerns about trading from the inside.
Amid these accusations, co -founder of Movement Labs Rushi Manche said that the team does not work directly with World Liberty Finance, Saying The encrypted media is that the movement "is not in direct contact with the Trump -backed Defi project." He also denied cooperating with the Musk's Doge team, saying: "I don't think we are in contact as I understand it."
Meanwhile, Movement Labs was occupied in the launch of the Mainnet developer to bring Move's MostMance - also known as Movevm - to Ethereum. The launch is an essential step towards Mainnet Beta, expected in February.
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