PANews reported on January 29 that in response to questions about "insider trading", Movement Labs co-founder Rushi Manche said in an interview on Tuesday that the organization had no "direct communication" with the Trump family's DeFi project World Liberty Financial (WLFI).

Previously, WLFI purchased approximately $2 million worth of MOVE tokens, making it its tenth largest holding.

Asked if he was surprised by this, Manche said: “I actually woke up this morning to the good news. We are not actually involved at all. I think we want MOVE-based assets to participate in the system, but we don’t have any direct connection with them (WLFI).”

He added: “No, I don’t think there was any coordination of anything, we were really focused on the developer mainnet at the time and nothing else.” (The Block)