TRENDING:
EUR/USD
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

Ethereum, Chainlink and Aave rally after Donald Trump’s World Liberty buys $12 million worth of tokens

  • Trump’s World Liberty multisig wallet spends $12 million buying Ethereum, Chainlink and AAVE.
  • ETH price increased 2% following the purchase, while LINK and AAVE rally more than 20%.
  • The move follows the recent announcement in November that World Liberty is adopting Chainlink and AAVE for its DeFi platform.
Ethereum, Chainlink and Aave rally after Donald Trump’s World Liberty buys $12 million worth of tokens
Manish ChhetriManish ChhetriFXStreet

Donald Trump-backed DeFi platform, World Liberty Financial (WFLI), spent $12 million on Ethereum (ETH), Chainlink (LINK), and Aave (AAVE) on Thursday, sparking a 2% rise in ETH and over 20% rallies in LINK and AAVE.

In November, WFLI already announced the integration of Chainlink and Aave into its Decentralized Finance (DeFi) ecosystem.

Donal Trump’s company crypto buying spree

According to Lookonchain data on Thursday, Trump’s World Liberty Financial multisig wallet spent a total of $12 million USDC stablecoin in purchasing $10 million to buy 2,631 ETH, $1 million to buy 41,335 LINK and $1 million to buy 3,357 AAVE.

ETH price increased by 2% following the news, while LINK and AAVE rallied more than 20% in the early European session on Thursday.

ETH, LINK and AAVE chart. Source:CoinGecko

ETH, LINK and AAVE chart. Source: CoinGecko

On November 14, WLFI announced that it would adopt the Chainlink standard for on-chain data and cross-chain connectivity as a secure way to bring DeFi into the next mass adoption stage. 

Moreover, on November 27, the platform’s DAO proposed deploying a World Liberty Financial Aave v3 instance on Ethereum Mainnet. This development would bring over-collateralized borrowing & lending to more users in DeFi.

Related news

Author

Manish Chhetri

Manish Chhetri is a crypto specialist with over four years of experience in the cryptocurrency industry.

More from Manish Chhetri
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Cronos Price Prediction: CRO nears wedge pattern playout, bulls in focus

Cronos Price Prediction: CRO nears wedge pattern playout, bulls in focus

Cronos (CRO) ticks lower by 3% at press time on Wednesday, retreating after a 10% surge from the previous day. The short-term fluctuations approach the apex of a falling wedge pattern, which typically results in an upside breakout. 

Solana Price Forecast: SOL steadies near $140 as new spot ETFs launch, boosts sentiment

Solana Price Forecast: SOL steadies near $140 as new spot ETFs launch, boosts sentiment

Solana (SOL) price trades around $140 at the time of writing on Wednesday after rebounding from a key support level the previous day. Canary Capital and Fidelity announced the launch of their spot Solana Exchange Traded Funds (ETFs), SOLC and FSOL, on Tuesday.

Litecoin Price Forecast: LTC tests $95 resistance amid weak demand

Litecoin Price Forecast: LTC tests $95 resistance amid weak demand

Litecoin is up 4% at the time of publication in the early Asian session on Wednesday, joining the wider crypto market in staging a brief recovery from the downtrend over the past three days. However, the fundamentals of the Bitcoin fork have remained cautiously neutral.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP attempt recovery after a sharp correction 

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP attempt recovery after a sharp correction 

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) stabilize mid-week after correcting sharply earlier this week. BTC hovers near $92,000 after briefly slipping below $90,000 earlier. Meanwhile, ETH and XRP are defending key support levels, suggesting a recovery in the coming days.

Orange Juice Newsletter – Smart insights by real people. Every day.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: The capitulation phase unfolds

Bitcoin: The capitulation phase unfolds

Bitcoin (BTC) market structure continues to deteriorate as the capitulation phase begins to take shape, with BTC sliding below $97,000 on Friday and extending losses to more than 7% so far this week.