{"id":1769,"date":"2024-12-13T05:11:10","date_gmt":"2024-12-13T05:11:10","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/chainlink-and-aave-surge-after-trumps-crypto-project-invests-in-both\/"},"modified":"2024-12-13T05:11:10","modified_gmt":"2024-12-13T05:11:10","slug":"chainlink-and-aave-surge-after-trumps-crypto-project-invests-in-both","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/chainlink-and-aave-surge-after-trumps-crypto-project-invests-in-both\/","title":{"rendered":"Chainlink And AAVE Surge After Trump\u2019s Crypto Project Invests In Both"},"content":{"rendered":"

US President-elect Donald Trump\u2019s 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.<\/p>\n

These are the fund\u2019s 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.<\/p>\n

\n

Trump’s World Liberty(@worldlibertyfi<\/a>) is buying $ETH<\/a>, $LINK<\/a> and $AAVE<\/a>!<\/p>\n

In the past 9 hours, the World Liberty Multisig wallet spent 10M $USDC<\/a> to buy 2,631 $ETH<\/a> at $3,801, 1M $USDC<\/a> to buy 41,335 $LINK<\/a> at $24.2, and 1M $USDC<\/a> to buy 3,357 $AAVE<\/a> at $297.8.https:\/\/t.co\/mtD0c2tvvo<\/a> pic.twitter.com\/B11KvcwRJQ<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) December 12, 2024<\/a><\/p>\n<\/blockquote>\n

Shortly after the news surfaced, AAVE soared roughly 31% in the past 24 hours, and LINK rose by about 23.5%.<\/p>\n

The surge coincides with World Liberty Financial\u2019s recent decision to integrate Chainlink\u2019s technology. Last month, WLF announced that it \u201cwill leverage Chainlink as the standard for onchain data and cross-chain interoperability\u201d to secure its protocol ecosystem.<\/p>\n

The press release described Chainlink as \u201cthe most secure solution for solving critical security, interoperability, and onchain data problems\u201d while noting that this would \u201ckick off the next wave of DeFi mass adoption\u201d for WLFI. The platform plans to integrate Chainlink Price Feeds on Ethereum mainnet in anticipation of deploying a World Liberty Financial version of Aave\u2019s v3 instance, pending governance approval.<\/p>\n

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\u2019s instance is not a direct fork of Aave\u2019s code but operates as a segregated version tied to separate, KYC-compliant front-ends.<\/p>\n

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.<\/p>\n

AAVE, which has risen by roughly 138% over the last five weeks, is also showing technical resilience. Today\u2019s 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.<\/p>\n

Chainlink\u2019s 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.<\/p>\n

At press time, LINK traded at $27.67.<\/p>\n

\"Chainlink<\/p>\n","protected":false},"excerpt":{"rendered":"

US President-elect Donald Trump\u2019s 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…<\/p>\n","protected":false},"author":1,"featured_media":1770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[659,1198,660,88,94,95,115,72,462,403,1199,776,463,1200,1201,1202],"class_list":["post-1769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-aave","tag-aave-news","tag-aave-price","tag-chainlink","tag-chainlink-news","tag-chainlink-price","tag-crypto-news","tag-cryptocurrency-market-news","tag-donald-trump","tag-link","tag-link-news","tag-link-price","tag-trump","tag-trump-crypto-news","tag-wlf","tag-world-liberty-finance"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=1769"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/1769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/1770"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=1769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=1769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=1769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}