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MOVE Token on Ethereum Layer-2 Surges 20% After $2 Million Buy by Trump-Backed World Liberty Financial, Amid Talks with Musk's DOGE on Government Efficiency
The price of the MOVE token, associated with the Ethereum layer-2 network Movement, surged by as much as 20% to $0.89 on Tuesday following a $2 million purchase by World Liberty Financial, a DeFi project backed by Donald Trump and his family. The token's increase was further fueled by reports that Movement Labs is in discussions with Elon Musk's Department of Government Efficiency (DOGE) about using blockchain technology for government operations. World Liberty Financial's acquisition of MOVE tokens occurred in several batches during the U.S. morning hours, with the first transaction at 14:22 UTC. The discussions between DOGE and Movement Labs are part of a broader initiative to explore blockchain technology for enhancing government efficiency, including tracking federal spending, securing data, making payments, and managing government buildings. Despite retracing slightly, the token is currently up 7% on the day to $0.77. World Liberty Financial, advised by members of the Trump family, made these purchases just hours before Movement Labs announced the launch of its developer mainnet.
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Movement Labs integrates blockchain with DOGE for government operations by end of 2025?
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Official announcements from Movement Labs or DOGE
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