World Liberty Finance (WLFI), the DeFi protocol backed by President Donald Trump’s family, acquired over $1.9 million of MOVE tokens on Jan. 28.
The move comes amid separate reports that Movement Labs is among the firms discussing blockchain usage with Elon Musk’s Department of Government Efficiency, also known as DOGE.
Bloomberg News reported on Jan. 25 that Musk is pushing for blockchain usage to reduce government costs as part of his Department of Government Efficiency (DOGE) effort.
Based on on-chain data, WLFI acquired 2.4 million MOVE tokens, which are worth over $1.9 million at current prices and represent 0.5% of its total portfolio.
The news caused MOVE’s price to leap 27% in the past 24 hours, reaching nearly $0.90. As of press time, the token is priced at $0.80.
Movement announces developer mainnet
The Movement Network Foundation also officially launched its developer mainnet (devnet) on Jan. 28, marking the second phase of its roadmap.
The devnet enables select developers to begin deploying decentralized applications (dApps) on the Movement Network and provides access to new features, technical documentation, and developer resources.
This phase, expected to last until mid-February, introduces critical developer tools and resources to ensure a seamless development experience.
The devnet deployment follows Movement’s mainnet beta launch in early December, introducing infrastructure components such as follower nodes, RPC nodes, indexers, permissioned smart contracts, and a block explorer.
According to the announcement, Movement Network plans to launch the Public Mainnet Beta following the end of the devnet phase.
This third phase will open the network to full permissionless app deployment and user onboarding, making it accessible to the broader community.
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