ETH, AAVE & LINK Soar as Trump’s World Liberty Financial Buys $12M of Tokens
The post ETH, AAVE & LINK Soar as Trump’s World Liberty Financial Buys $12M of Tokens appeared on BitcoinEthereumNews.com.
TLDR: World Liberty Financial, backed by Trump family, purchased $12M worth of cryptocurrencies: $10M in ETH and $1M each in AAVE and LINK tokens The purchases triggered price surges: ETH up 8%, AAVE up 33%, and LINK up 30% Donald Trump serves as “chief crypto advocate” while his sons Eric and Donald Jr. are “web3 ambassadors” World Liberty Financial is developing a DeFi platform using Chainlink’s infrastructure and plans to deploy an Aave v3 instance The project’s DAO proposal for Aave integration has already met quorum ahead of December 13 deadline World Liberty Financial, a cryptocurrency platform supported by the Trump family, made waves in the digital asset market on December 12, 2024, with major token purchases totaling $12 million. The buying spree caused substantial price increases across several leading cryptocurrencies. The project’s cryptocurrency wallet executed a series of purchases early Thursday, acquiring $10 million worth of Ethereum (ETH) and investing $1 million each in Aave (AAVE) and Chainlink (LINK) tokens. The transactions had an immediate impact on the market, with ETH prices climbing 8% during Asian trading hours. The most dramatic price movements were seen in AAVE and LINK tokens, which both experienced sharp increases. AAVE surged 33% to reach $356, while LINK jumped 30% to trade at $29.29. These price movements reflected the market’s quick response to the large-scale purchases. Trump’s World Liberty(@worldlibertyfi) is buying $ETH, $LINK and $AAVE! In the past 9 hours, the World Liberty Multisig wallet spent 10M $USDC to buy 2,631 $ETH at $3,801, 1M $USDC to buy 41,335 $LINK at $24.2, and 1M $USDC to buy 3,357 $AAVE at $297.8.https://t.co/mtD0c2tvvo pic.twitter.com/B11KvcwRJQ — Lookonchain (@lookonchain) December 12, 2024 Data from blockchain analysis shows that World Liberty Financial has been steadily building its position over the past several days. The project’s wallet spent an additional…
Filed under: News - @ December 12, 2024 9:21 am