Key Points:
- Data indicates a $10 million purchase in Ethereum (ETH) and $1 million each in AAVE and Chainlink (LINK) by the project early Thursday.
- President-elect Donald Trump is the "chief crypto advocate" for the project.
- World Liberty Financial utilizes Chainlink's data services to enhance its integration with the broader crypto ecosystem, alongside deploying an AAVE instance.
Crypto wallets linked to the Trump family-supported World Liberty Financial project acquired millions in notable tokens early Thursday, leading to rapid price increases.
World Liberty Financial serves as a comprehensive platform enabling users to lend and borrow cryptocurrencies, create liquidity pools, and transact using stablecoins. WLFI functions as the governance token of the platform.
President-elect Donald Trump promotes the project as its "chief crypto advocate," with his sons, Eric and Donald Trump Jr., acting as Web3 ambassadors, while Barron is called a "DeFi visionary."
Tracking data reveals the project purchased $10 million in Ethereum (ETH) along with $1 million each in AAVE (AAVE) and Chainlink’s LINK tokens early Thursday. In response, ETH prices rose 7% during Asian morning trading, with AAVE and LINK climbing by 30% due to the positive sentiment.
"Trump's World Liberty @worldlibertyfi is buying $ETH, $LINK, and $AAVE!"
(Translation: Trump's World Liberty (@worldlibertyfi) is acquiring Ethereum (ETH), Chainlink (LINK), and AAVE (AAVE) tokens!)
“In the last 9 hours, the World Liberty Multisig wallet utilized $10 million USDC to buy 2,631 ETH at $3,801, and $1 million USDC each to acquire 41,335 LINK at $24.2, and 3,357 AAVE at $297.8.”
The wallet reportedly spent an additional $30 million to acquire 8,105 ETH at an average price of $3,700 over the past 12 days, as detailed by Spot on Chain.
Noted crypto analyst @TheFlowHorse suggested that these acquisitions might correspond with future strategic directions: "Tokens purchased likely align with Trump's upcoming plans."
World Liberty Financial leverages Chainlink to integrate seamlessly into the crypto landscape. According to Chainlink's community liaison Zach Rynes, the purchase of $1 million LINK supports the adopted Chainlink standard, further bridging their collaboration.
"Chainlink’s adoption by Trump’s financial platform and the clarified regulatory approach towards crypto in the U.S. position both organizations to scale DeFi unprecedentedly."
(Translation: Chainlink's acceptance as a standard in Trump’s financial platform combined with the new administration's regulatory clarity for crypto creates a significant growth opportunity for both entities.)
Recent developments include a DAO proposal to activate a World Liberty Financial Aave v3 instance, which is slated to utilize external risk management and will be established on Ethereum.
