Trump’s World Liberty Financial has made a bold move in the crypto space, significantly increasing its holdings in Ethereum, Aave, and Chainlink (LINK). As a result, ETH jumped by 8%, Aave gained 33%, and Chainlink price shot up 30%. This strategic investment comes at a time when the crypto market is experiencing renewed optimism, potentially signaling further bullish momentum for these crmedia.
World Liberty Financial Bet on ETH, LINK, and AAVE
Lookonchain reported on December 12th that Trump’s World Liberty Financial has significantly expanded its cryptocurrency portfolio. The company’s multisig wallet actively purchased Ethereum (ETH), Aave, and Chainlink (LINK), spending a total of $12 million in USDC as per Etherscan. This move signals a growing bet on these major blockchain projects as the firm increases its crypto investments.
In detail, the wallet spent $10 million in USDC to acquire 2,631 ETH at $3,801. Additionally, it invested $1 million each to purchase 41,335 Chainlink (LINK) at an average price of $24.2 and 3,357 AAVE at $297.8. This investment comes as ETH and other top crypto are experiencing significant gains.
World Liberty Financial’s buying spree is sparking discussions about whether other institutional players will follow suit. As more influential investors like the Trump family embrace digital currencies, the outlook for ETH and LINK is becoming increasingly positive. This could drive further price rallies, especially with the solid performance of these crypto in the market.
Disclamation: Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source trading view, Coin market cap and online media.