World Liberty Financial (WLF), the cryptocurrency fund backed by US President-elect Donald Trump, has fueled significant price surges in Aave (AAVE) and Chainlink (LINK) through major investments. On December 11, WLF purchased $10 million in Ethereum (ETH), $1 million in AAVE, and $1 million in LINK, as revealed by Lookonchain and Etherscan. This marks WLF’s first foray into AAVE and LINK. Over the past 12 days, the fund has allocated $30 million in USDC to acquire over 8,000 ETH at an average price of $3,701.
The rally coincides with WLF’s announcement to integrate Chainlink’s technology into its ecosystem. Chainlink will be utilized as the standard for onchain data management and cross-chain interoperability. WLF praised Chainlink as “the most secure solution for addressing critical challenges in security, interoperability, and onchain data,” and sees its integration as a driver for the next wave of DeFi adoption.
In addition, WLF has proposed deploying a KYC-compliant version of Aave v3 on Ethereum, pending governance approval. This tailored version aims to balance decentralized financial functionality with strict regulatory compliance, as noted by Aave creator Stani Kulechov.
Market Impact
Aave (AAVE): The token has risen 138% in five weeks, breaking key resistance levels, including the 0.5 Fibonacci retracement at $356.84. If this trend continues, potential targets include $430.29, $534.87, and the May 2021 all-time high of $668.
Chainlink (LINK): LINK has climbed 175% in five weeks, nearing its 0.5 Fibonacci retracement level at $28.88. A sustained breakout could lead to $34.57, $42.67, and its May 2021 ATH of $53.
Trump’s investments highlight a strategic focus on innovative blockchain technologies, signaling a shift toward institutional and mainstream adoption within the DeFi landscape.
