Chainlink And AAVE Surge After Trump’s Crypto Project Invests In Both

Name	Symbol	Market	Market Cap ($)	Algorithm
ChainLink Token	LINKUSD	Crypto	14,799,927,823	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

ChainLink Token

LINKUSD

Crypto

14,799,927,823

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.510	-2.12%	23.58	23.57	23.58

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.510

-2.12%

23.58

23.57

23.58

High Price	Low Price	Open Price	Prev. Close	52 Week Range
24.57	23.38	23.96	24.09	8.08 - 30.95

High Price

Low Price

Open Price

Prev. Close

52 Week Range

24.57

23.38

23.96

24.09

8.08 - 30.95

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	06:08:33	75.00	23.58	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

06:08:33

75.00

23.58

USD

Price x Volume	Volume	Base Symbol	Related Pairs
18,516,370.34	773,367.28	LINK	LINKEUR	LINKGBP	LINKBTC

Price x Volume

Volume

Base Symbol

Related Pairs

18,516,370.34

773,367.28

Chainlink And AAVE Surge After Trump’s Crypto Project Invests In Both

12/12/2024 8:30pm

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

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

LINKUSD ChainLink Token