MOVE token, belonging to Movement Labs, has seen a significant price increase following rumors of its association with Elon Musk’s Efficient Government Department (D.O.G.E.). The network seems to be linked to this organization, but these reports are yet to be confirmed. On the other hand, World Liberty Financial project, related to Donald Trump, has purchased around $2 million worth of MOVE tokens, hinting at a potential connection to the Trump administration. The Efficient Government Department, a new semi-governmental organization managed by Elon Musk, is investigating the role of blockchain in optimizing governmental structures. Several major crypto companies have supported this initiative, and rumors about Movement Labs advising this organization have surfaced. Manche, one of the founders of Movement Labs, referred to these rumors following purchases by World Liberty Financial and wrote on Platform X: ‘Strategic reserve of MOVE. We are proud to be the first altcoin, the first modern blockchain platform, and the first virtual machine replacement under new management. MOVE is made in America.’ Details of this collaboration are still unconfirmed, but these statements have fueled speculations. However, it is still unclear what precise role Movement Labs will play in the Efficient Government Department. These rumors have led to a sharp increase in MOVE token price. At the time of writing this news, MOVE token is trading at $0.82, showing a 15% growth compared to the past 24 hours. Overall, it seems that Movement Labs is assisting in the Efficient Government Department’s examinations of blockchain applications to reduce government costs, but the company has not officially confirmed these rumors yet. You can check the live prices of all tokens and cryptocurrencies on the real-time Price page.
