Movement Network’s native token, MOVE, surged after World Liberty Financial, a crypto project reportedly backed by Donald Trump, acquired additional MOVE tokens worth approximately $2 million.
The price of Movement (MOVE) jumped from around $0.71 to over $0.88, rising more than 15% as the market reacted to World Liberty Financial’s latest purchase
At the time of writing, MOVE traded at approximately $0.80, maintaining a 13% gain and ranking among the top-performing tokens of the day.
World Liberty’s MOVE purchase on Jan. 28 was conducted through stablecoin swaps for the token on CoW Protocol.
According to Spot On Chain, the Trump-backed DeFi project used 1.88 million USDC (USDC) o acquire 2.398 million MOVE tokens, completing the transaction at an average price of $0.784 per token.
MOVE’s price surge brought the total value of tokens held to $1.97 million at the time of writing.
Notably, Movement price had also experienced an upside bump after the Movement Network Foundation announced the project’s Developer Mainnet was now live. The public mainnet follows Movement’s initial release in December and marks a key step in the platform’s journey towards the public beta release expected in mid-February.
World Liberty’s recent MOVE purchase is part of a larger buying spree over the past week. The project reportedly spent over $222 million on seven tokens, according to Spot On Chain. These purchases include $129.95 million worth of ETH, $66.8 million of WBTC, and $10 million of Tron’s TRX. Additionally, World Liberty acquired $4.7 million worth of tokens from Aave, Athena, and Chainlink.
Data from Arkham Intelligence indicates that World Liberty Financial currently holds over $391 million in various cryptocurrencies.
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