Chainlink And AAVE Surge After Trump’s Crypto Project Invests In Both
12 Dezember 2024 - 9:30PM
NEWSBTC
US President-elect Donald Trump’s World Liberty Financial (WLF) has
made a substantial multi-million-dollar investment in Ethereum
(ETH), Aave (AAVE), and Chainlink (LINK), leading to sharp price
increases in AAVE and LINK. According to on-chain analysis shared
by Lookonchain via X and verified through Etherscan, the fund
purchased approximately $10 million in ETH, $1 million in AAVE, and
$1 million in LINK on December 11. These are the fund’s first
recorded acquisitions of both AAVE and LINK, while overall
purchases in the last 12 days total around $30 million in USDC
spent to secure more than 8,000 ETH at an average price of $3,701.
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 Shortly after the news
surfaced, AAVE soared roughly 31% in the past 24 hours, and LINK
rose by about 23.5%. Related Reading: Chainlink Price Shines With
40% Rally — Is $28.5 Possible? The surge coincides with World
Liberty Financial’s recent decision to integrate Chainlink’s
technology. Last month, WLF announced that it “will leverage
Chainlink as the standard for onchain data and cross-chain
interoperability” to secure its protocol ecosystem. The press
release described Chainlink as “the most secure solution for
solving critical security, interoperability, and onchain data
problems” while noting that this would “kick off the next wave of
DeFi mass adoption” for WLFI. The platform plans to integrate
Chainlink Price Feeds on Ethereum mainnet in anticipation of
deploying a World Liberty Financial version of Aave’s v3 instance,
pending governance approval. Related Reading: Whale Activity Sparks
Chainlink Rally, $52 Target On Traders’ Radar In October, WLF
submitted a proposal on the Aave governance forums seeking to
deploy its own Aave v3 environment. Aave founder Stani Kulechov has
confirmed that WLF’s instance is not a direct fork of Aave’s code
but operates as a segregated version tied to separate,
KYC-compliant front-ends. While this means WLF is tapping into the
largest smart contract-compatible public blockchain and leveraging
core decentralized finance primitives, it also maintains stringent
compliance requirements. The project is initially limited to
accredited investors within the United States. AAVE, which has
risen by roughly 138% over the last five weeks, is also showing
technical resilience. Today’s price action pushed it above the 0.5
Fib level at $356.84 (drawn from the all-time high to the cycle
low). If this level holds on a weekly closing basis, upside targets
could include the 0.618 Fib at $430.29, the 0.786 Fib at $534.87,
and ultimately the ATH from May 2021 at $668. Chainlink’s
performance over the past five weeks has been particularly strong,
posting a gain of more than 175%. The most critical technical
resistance level now appears to be the 0.5 Fibonacci retracement at
$28.88. A decisive break above this level could open the path to
the 0.618 Fib at $34.57, the 0.786 Fib at $42.67, and potentially
the all-time high (ATH) from May 2021 at $53. At press time, LINK
traded at $27.67. Featured image created with DALL.E, chart from
TradingView.com
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