TRENDING:
Canadian Unemployment
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

Pi Network Price Forecast: Bearish streak nears critical support trendline

Pi Network Price Forecast: Bearish streak nears critical support trendline

Pi Network (PI) edges lower on Friday for the third consecutive day, approaching a local support trendline. The on-chain data suggests an increase in supply pressure as Centralized Exchanges (CEXs) experience a surge in inflows.

Top Crypto Gainers: Zcash rallies as MYX Finance, Dash test critical EMA levels

Top Crypto Gainers: Zcash rallies as MYX Finance, Dash test critical EMA levels

Zcash , MYX Finance, and Dash are the top-performing assets in the top 100 cryptocurrency list over the last 24 hours. The privacy coin leads the rally while MYX and DASH struggle to clear their 100-day Exponential Moving Averages (EMA).

XRP slides amid record on-chain activity, mixed technical signals

XRP slides amid record on-chain activity, mixed technical signals

Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual DEX had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.

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: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.