LINK, AAVE Surge 30% as Trump-Backed World Liberty Financial Invests Millions in Crypto

Tokens like AAVE and Chainlink’s LINK experienced a meteoric rise of 30% early Thursday after wallets tied to the Trump-supported World Liberty Financial project made significant crypto purchases. The project, which promotes itself as a unified platform for borrowing, lending, and liquidity creation, appears to be ramping up its ecosystem with these strategic investments.

Data reveals that World Liberty Financial purchased $10 million in ether (ETH) alongside $1 million each of AAVE and LINK tokens. This followed a spree in which $30 million was spent acquiring 8,105 ETH at an average price of $3,700 over the past two weeks. 

Source: X

The bullish move caused ETH prices to climb 7% in Asian trading hours, while AAVE and LINK rocketed by 30%.

AAVE, Source: BNC

LINK, Source: BNC

Trump and Crypto: A New Alliance

President-elect Donald Trump has taken on the role of “chief crypto advocate” for World Liberty Financial. His sons, Eric and Donald Trump Jr., serve as “Web3 ambassadors,” while Barron Trump holds the ambitious title of “DeFi visionary.” This marks a dramatic pivot for the former president, who had previously expressed skepticism toward cryptocurrencies.

World Liberty Financial’s Expanding Ecosystem

World Liberty Financial leverages Chainlink’s data services to enhance interoperability and provide essential pricing data for its decentralized finance (DeFi) operations. According to Chainlink community liaison Zach Rynes, the partnership aligns both ecosystems for scaling DeFi to mainstream audiences. “With regulatory clarity on the horizon, Chainlink and WLFi are positioned to drive unprecedented DeFi adoption,” Rynes shared.

The project is also deploying an instance of Aave v3 on Ethereum. This deployment, which met its governance quorum ahead of the Dec. 13 vote deadline, will be managed by external risk managers and aims to attract first-time users while rewarding liquidity providers with revenue sharing.

The Bigger Picture

World Liberty Financial positions itself as a revolutionary platform for DeFi users, blending lending, borrowing, and stablecoin transactions with governance via its native WLFi token. By integrating cutting-edge services and aligning with a Trump-led administration promising crypto regulatory clarity, the project is poised to make waves in the Web3 ecosystem.

With millions in crypto purchases already underway and high-profile backing, World Liberty Financial’s ambitions could reshape the DeFi landscape as it pushes blockchain technology into the political and financial spotlight.