Movement Labs, backed by Trump’s World Liberty Financial, secretly promised early insiders access to up to 10% of its token supply without disclosing this arrangement to investors, according to documents obtained by CoinDesk.

CoinDesk reported, based on documents it obtained, that Movement Labs secretly offered a group of early insiders the right to acquire up to 10% of the MOVE token supply on preferential terms without disclosing this side arrangement to other investors. According to the report, these insiders included partners at venture firm Borderless Capital and individuals linked to Donald Trump–aligned World Liberty Financial, which had publicly backed Movement Labs as part of a broader push to build a “parallel” crypto‑centric financial system in response to U.S. regulatory pressure. The alleged deal appears to have been structured outside the project’s publicly presented cap table and token distribution materials, and was reportedly not mentioned in documentation shared with other investors or in Movement’s public tokenomics disclosures. Movement Labs is the core developer behind Movement Network, a Move‑based Ethereum Layer‑2 whose native token, MOVE, has a maximum supply of 10 billion tokens. The official Movement Network Foundation documentation lists the allocation as 60% to the community (ecosystem, foundation, initial claims), 17.5% to early contributors (primarily from Movement Labs), 22.5% to early backers, and 10% to the foundation’s operations, but does not describe any extra 10% pool reserved for a separate insider group. The CoinDesk revelations have therefore raised concerns about undisclosed dilution and governance influence, potential misrepresentation in fundraising, and broader transparency standards around token allocation in politically connected crypto ventures. World Liberty Financial’s involvement has drawn particular attention because it markets itself as part of a Trump‑aligned financial ecosystem, linking what might otherwise be a technical token allocation dispute to U.S. political and regulatory narratives around crypto.

✨ AI-generated background, compiled from web sources — not editorial content.

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