MOVE/USD Price Skyrockets 20% After $2M Investment From Firm Tied to Donald Trump and Elon Musk's DOGE Department Considers Layer-2 Network

The price of Move (MOVE/USD), the native token for the Movement Network, has rocketed upwards following a multi-million dollar investment from World Liberty

The native token for the Movement Network, Move (MOVE), has seen a rapid increase in its value following a multi-million dollar investment from World Liberty Financial, a firm with close ties to former President Donald Trump and his family.

This move was further fueled by reports that the Layer-2 network is among several blockchain projects currently in discussions with Elon Musk's Department of Government Efficiency (DOGE).

Specifically, the price of MOVE surged by up to 20% during Tuesday's trading session before paring some gains to settle at an impressive 13% increase.

The surge began in the morning hours as World Liberty Financial was observed acquiring $2 million worth of MOVE tokens in several transactions.

This significant investment created a bullish atmosphere in the token's market.

According to blockchain data from Arkham Intelligence, the first of these trades occurred at 14:22 UTC.

Later, crypto news service dbnews reported at 14:48 UTC that Movement is among the blockchains currently in talks with the Department of Government Efficiency.

According to the report, Musk, who leads this initiative, is exploring the use of blockchain technology to improve operations within the federal government.

This includes the potential for using blockchain to track federal spending, secure sensitive data, manage payments and even oversee government-owned buildings.

A report in Bloomberg highlighted that DOGE officials have been engaging with several public blockchain platforms.

The Movement network is an Ethereum (ETH) layer-2 platform built utilizing the MoveVM coding language developed by Facebook.

This approach positions the network as a solution to Ethereum's scalability issues by seeking to provide a more efficient and higher-throughput alternative, suggesting a potential partnership with the U.S. government.