Looks like Trump’s crypto project, World Liberty Financial, isn’t slowing down on accumulating crypto. They just dropped $156K on 273,937 $MOVE on February 10, adding to their growing stash.
This comes after their January 29 buy of 2.4M MOVE ($1.88M) and a steady buildup of ETH holdings, which now make up nearly half of their $391.8M portfolio.
What’s interesting is that all of this is happening right after reports on January 28 suggested that Elon Musk’s Department of Government Efficiency (DOGE) was exploring blockchain tech for optimizing government operations. Some speculated that Movement blockchain might be involved, though the project’s co-founder denied having direct discussions with the DOGE team.
Still, Movement’s co-founder Rushi Manche posted that “$MOVE is Made in America”, and it’s the first modern blockchain and alternative VM under the new administration. Given that Trump has been pro-crypto lately, it does raise some questions:
At this point, MOVE is still a small fraction of World Liberty’s holdings, but the fact that they keep buying (even when their total crypto portfolio is in the red) is definitely something to watch.
What do you guys think? Just another big player accumulating, or is there something bigger happening behind the scenes?
submitted by /u/Educational-Hand6427
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