The Trump family-backed World Liberty Financial is dropping serious cash on LINK.
Over two days, the crypto investment platform has bought $2 million worth of the native token for Chainlink, a blockchain company that powers smart contracts.
MONIIFY has reached out to Chainlink for comments on the investment.
Since Trump’s election victory lap, LINK’s price has tripled from $10.24 to $30.68 — it is still short of its all-time high is $52.88 but then again, The Donald is not even in office yet.
The man who broke Bitcoin’s $100K barrier has become crypto’s biggest influencer, and his plans to stack federal agencies with pro-crypto execs will really start to take shape once he sits in the Oval Office next month.
It’s not just LINK
His inauguration could be a game-changer for tokens, which he and his sons — crypto’s self-proclaimed Web3 Ambassadors — are hyping hard.
A flop until crypto mogul and Tron blockchain founder Justin Sun stepped in to help, World Liberty Financial isn’t just buying up LINK.
Since 30 November, it’s also bought $30 million worth $ETH. The prominence of ETH as second only to Bitcoin among cryptocurrencies doesn’t make the purchase a surprise, but Trump’s indirect blessing is a bullish signal like few others.
The project also bought AAVE worth $1.25 million. AAVE is one of the largest platforms allowing lending and borrowing of crypto. Since Trump’s win AAVE’s token price has also nearly tripled, going from $128 to $367.
Crypto trader TheFlowHorse, who has more than 200K followers on X, says Trump’s wallet is stacking the tokens most likely to benefit from his policies.
Unpredictable future
If World Liberty succeeds in drawing new users and liquidity into DeFi, it could reshape its status from niche to a legit economic tool.
Whether the president-elect’s backing turns LINK and AAVE into DeFi darlings — or just another flash in crypto’s chaotic pan — one thing’s clear: when Trump bets on crypto, everyone watches.
Editor’s note: This article was updated on 16 December to reflect World Liberty Financial’s purchase of ETH.
