Chainlink's price is nearing $30 this Friday morning in Asia, as recent data indicates a spike in open interest (OI) in token futures, surpassing $860 million.
Key Highlights:
- World Liberty Financial recently purchased an additional $1 million worth of LINK, marking the second consecutive day of investment.
- LINK is now the fourth-largest holding for World Liberty Financial, following ether (ETH), bitcoin (BTC), and tether (USDT).
- The ongoing purchases by World Liberty are contributing to a significant price increase, with LINK up 22% in the past week and over 130% since they began acquiring Chainlink in November.
Background
Donald Trump-backed World Liberty Financial has ramped up its investment in Chainlink's LINK tokens. Their latest acquisition brings their total holdings to $2 million in LINK tokens. They have also invested about $246,000 in Aave’s AAVE, totaling to $1.2 million across their crypto holdings.
Chainlink provides essential data services for the wider crypto ecosystem, supporting decentralized applications through reliable price feeds and cross-chain interoperability.
Despite the market's volatility, investor interest in LINK reflects its utility and demand. The sustained price peaks over recent weeks signify strong market confidence in Chainlink's future prospects.
