Will Trump’s World Liberty Financial Continue Buying LINK and AAVE?
The post Will Trump’s World Liberty Financial Continue Buying LINK and AAVE? appeared on BitcoinEthereumNews.com.
World Liberty Financial spent $12M on ETH, LINK, and AAVE, sparking the rallies. Recent purchases include 37,052 LINK and 685.4 AAVE, boosting their market momentum. Aave and Chainlink emerged as the top cryptocurrency gainers on Thursday. The surge followed significant purchases by World Liberty Financial, a decentralized finance (DeFi) project linked to U.S. President-elect Donald Trump. AAVE led the market rally, climbing 19.24% in the past 24 hours to $361.60, its highest price since September 2021. Chainlink (LINK) followed closely, soaring 17.26% to $28.41. LINK’s trading volume exploded by 222% during the same period, pushing its market valuation near its all-time high of $19.85 billion. While ETH saw a modest 2% increase after the purchases, the other two experienced over 20% gains. World Liberty Financial spent $12 million on Ethereum, Chainlink, and Aave within 24 hours. The purchases included $10 million for 2,631 ETH, $1 million for 41,335 LINK, and $1 million for 3,357 AAVE tokens. The Trump-backed project’s wallet acquired 78,387 LINK and 4,043 AAVE in smaller transactions. In the past five hours alone, the fund bought 37,052 LINK worth $1 million and 685.4 Aave worth $247,000. These acquisitions boosted the market momentum for both tokens, with LINK’s value now up $232,000 and AAVE’s value up $217,000. Defi Adoption Boosts Sentiment World Liberty Financial is integrating Aave and Chainlink into its DeFi ecosystem. The platform adopted Chainlink’s on-chain data standard in November to enable cross-chain connectivity. It also proposed deploying a v3 instance on Ethereum Mainnet, bringing over-collateralized lending and borrowing to a broader audience. Cryptocurrency expert Michaël van de Poppe labeled LINK an “undervalued gem.” He emphasized that its partnerships, including one with Emirates NBD, and adoption by World Liberty Financial, signal substantial growth potential. World Liberty Financial’s ongoing investments and ecosystem expansion signal its ambition to become…
Filed under: News - @ December 13, 2024 11:19 am