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Ethereum, Aave, Chainlink Price Shoot on Trump’s World Liberty Buying Spree
Trump’s World Liberty Financial has made a bold move in the crypto space, significantly increasing its holdings in Ethereum, Aave, and Chainlink (LINK). As a result, ETH jumped by 8%, Aave gained 33%, and Chainlink price shot up 30%. This strategic investment comes at a time when the crypto market is experiencing renewed optimism, potentially signaling further bullish momentum for these crypto.
World Liberty Financial Bet on ETH, LINK, and AAVE
Lookonchain reported on December 12th that Trump’s World Liberty Financial has significantly expanded its cryptocurrency portfolio. The company’s multisig wallet actively purchased Ethereum (ETH), Aave, and Chainlink (LINK), spending a total of $12 million in USDC as per Etherscan. This move signals a growing bet on these major blockchain projects as the firm increases its crypto investments.
In detail, the wallet spent $10 million in USDC to acquire 2,631 ETH at $3,801. Additionally, it invested $1 million each to purchase 41,335 Chainlink (LINK) at an average price of $24.2 and 3,357 AAVE at $297.8. This investment comes as ETH and other top crypto are experiencing significant gains.
World Liberty Financial’s buying spree is sparking discussions about whether other institutional players will follow suit. As more influential investors like the Trump family embrace digital currencies, the outlook for ETH and LINK is becoming increasingly positive. This could drive further price rallies, especially with the solid performance of these crypto in the market.
Ethereum and Chainlink Price Performance
Ethereum (ETH) price showed impressive growth, trading at $3,940 with an 8% increase. Analysts believed Ethereum could rally to $5,000 in the near term, driven by its strong ecosystem and integration into various decentralized applications.
Chainlink (LINK) price also posted significant gains, rising 30% to $29.29. As a leading decentralized oracle network, Chainlink price remained a critical infrastructure for blockchain applications. With continued adoption, analysts predicted Chainlink could reach $100 during the bullish market cycle.
Similarly, AAVE price surged by 33% in the last 24 hours, reaching $356. Over the past three months, the price increased by 150%, reflecting growing interest in decentralized lending. As more users engaged with the protocol, innovative features like flash loans and collateral management attracted increasing attention.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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