Representatives from two protocols that have tokener held by the Treasury of World Liberty Financial (WLFI), a crypto project supported by President Donald Trump and his family denies the existence of a token swap agreement that required a Purchase of $ 10 million – $ 15 million purchase in to be included in the project.

A report from Blockworks claimed on Monday that WLFI representatives had beaten protocol teams on an agreement to be included in the project’s treasury. The deal was that they could buy $ 10 million WLFI -Tokens plus a 10 percent fee and WLFI will buy the same amount of their protocol’s tokens.

“There is no token swap deal,” a spokesman from Tron told Coindesk.

Trx TRX is the second largest possession in WLFI’s wallet, according to Data On-Chain data curated by Arkham.

The WLFI design book currently has 40.7 million TRX worth $ 9.3 million. WLFI made these purchases in Tranches throughout January.

Movement laboratories that saw its moving token jump in late January when WLFI bought $ 2 million of it, and rumors swirled that the team was in discussion with the Elon Musk-Led Department of Government Efficiency, also refused there was a Swap deal in place.

Rushi Manche, co -founder of Movement Labs, Coindesk previously told them they did not send tokens to anyone including WLFI.

“There were no offers – any back door agreements. It was pure just market purchases,” Manche told Coindesk.