cyrpto blockchain, exploring, jumps, MOVE, movement, Musk, price, reports, transparency Mark January 29, 2025 0 Comments

MOVE price jumps 16% on reports of Musk exploring Movement blockchain for transparency

Move Token jumped 16% on Wednesday in the middle of rumors that Elon Musk plans the movement’s blockchain for its government’s transparency initiative.

Movement (MOVE) The token won 16% on January 29 when the reports surfaced that Elon MuskThe team of the Ministry of Efficiency of the Government assesses the blockchain for its Transparency efforts. In A post X On January 28, Walter Bloomberg, citing a familiar source with the issue, reported that “the movement among companies discussed the use of the blockchain with the Musk Doge team”.

* Movement among companies discussing the use of blockchain with the Musk DOGE team: Source

* Bloomberg has reported that Musk’s Doges assess blockchain technology for the government’s efficiency effort

– * Walter Bloomberg (@Deitaone) January 28, 2025

At the same time, chain analysts spotted A great purchase of World Liberty Financial, a crypto project linked to the president Donald Trump. The company bought about $ 2 million tokens from moving tokens, going from $ 0.71 to more than $ 0.88 before paying around $ 0.80. The purchase quickly aroused concerns about the initiate’s offense.

Oof, it’s not a good look

WLFI Multisig buys a movement then 10 minutes later, the press brings the movement speaking to Musk Story

Crazy crime pic.twitter.com/vzpla6wooe

– Eric Conner (@econoar) January 28, 2025

In the midst of these accusations, the co-founder of Motion Labs, Rushi Manche, said that the team did not work directly with World Liberty Financial, developer Crypto Media This movement is “not in direct communication with the DEFI project supported by Trump”. He also denied collaboration with Musk’s Doge’s team, saying: “I don’t think we are in contact as far as I understand.”

Meanwhile, Movement Labs was busy launching a Mainnet developer to bring the Facebook Move virtual machine – also known as Movevm – Vers Ethereum. The launch is a key step to the beta version of the public public, expected in February.