Check out the latest information in Spanish.
US President-elect Donald Trump’s World Liberty Financial (WLF) has made significant multi-million dollar investments in Ethereum (ETH), Aave (AAVE) and Chainlink (LINK), increasing the price of AAVE and LINK. led to soaring prices. 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 11th.
These are the first recorded acquisitions of both AAVE and LINK by the fund, with total purchases of approximately $30 million in USDC over the past 12 days, spent to secure over 8,000 ETH at an average price of $3,701. It was done.
Trump’s World Liberty (@worldlibertyfi) is buying $ETH, $LINK, and $AAVE!
In the last 9 hours, World Liberty Multisig wallet spent 10 million $USDC to buy 2,631 $ETH for $3,801, used 1 million $USDC to buy 41,335 $LINK for $24.2, and used 1 million $USDC to buy 3,357 I bought $AAVE for $297.8. https:// t.co/mtD0c2tvvo pic.twitter.com/B11KvcwRJQ
— Lookonchain (@lookonchain) December 12, 2024
Immediately after this news surfaced, AAVE surged about 31% in the past 24 hours, while LINK rose about 23.5%.
Related books
This surge coincided with World Liberty Financial’s recent decision to integrate Chainlink’s technology. Last month, WLF announced it would “leverage Chainlink as the standard for on-chain data and cross-chain interoperability” to secure the protocol ecosystem.
The press release describes Chainlink as “the most secure solution for solving critical security, interoperability, and on-chain data issues,” and that it is a move that WLFI hopes will “launch the next wave of DeFi mass adoption.” ” he said. The platform plans to integrate the Chainlink Price Feed into the Ethereum mainnet with an eye toward introducing the World Liberty Financial version of Aave’s v3 instances, pending governance approvals.
Related books
In October, WLF submitted a proposal to the Aave Governance Forum to implement its own Aave v3 environment. Aave founder Stani Kulechov confirmed that the WLF instance is not a direct fork of Aave’s code, but operates as a separate version tied to a separate KYC-compliant front end.
This means that WLF leverages the largest public blockchain compatible with smart contracts and leverages core decentralized finance primitives, while also maintaining stringent compliance requirements. The project is initially limited to accredited investors in the United States.
AAVE, which is up about 138% over the past five weeks, also shows technical resilience. Today’s price action has pushed it above the 0.5 fib level at $356.84 (all-time high to cycle low). If this level holds on a weekly close basis, upside targets could include 0.618 filib at $430.29, 0.786 filib at $534.87, and ultimately $668 ATH from May 2021. .
Chainlink’s performance over the past five weeks has been particularly strong, with an increase of over 175%. The most important technical resistance level currently appears to be the 0.5 Fibonacci retracement at $28.88. A decisive break above this level could pave the way for the 0.618 fib at $34.57, the 0.786 fib at $42.67, and the all-time high (ATH) since May 2021 at $53.
At the time of writing, LINK was trading at $27.67.
Featured image created with DALL.E, chart on TradingView.com
