NAIROBI (CoinChapter.com) — The World Liberty Financial Initiative (WLFI), a DeFi project associated with U.S. President-elect Donald Trump, has made waves with a $12 million crypto acquisition, bolstering the value of Chainlink (LINK), Ethereum (ETH), and Aave (AAVE). Here’s a breakdown of the recent developments and their implications for the three assets.
Chainlink (LINK): Rising on Whales and Partnerships
WLFI’s $1 million LINK acquisition has added fuel to Chainlink’s ongoing rally. Chainlink has flipped $29 for the first time in over three years, marking a 100% climb over the past month. Whale activity has been pivotal in this surge.
Recent data from Santiment reveals that wallets holding over 100,000 LINK accumulated 5.69 million tokens in two months, while smaller holders offloaded 5.67 million. Historically, such accumulation patterns indicate bullish momentum.
Additionally, Chainlink’s partnerships with major institutions like Coinbase, Emirates NBD, and Swift have strengthened its position as the largest Oracle network. Its technology is being integrated into Swift’s $150 trillion annual transaction ecosystem, a move likely to sustain LINK’s upward trajectory.
Technically, LINK has broken out of a long-standing resistance level, signaling the potential for further gains. Analysts predict continued upward momentum, with projections suggesting a climb to $41.55 by Jan. 2025 and a possible new all-time high of $63.08 by Feb. 2025.
Ethereum (ETH): ETF Flows and Network Growth
Ethereum (ETH) is trading at $3,896.18, marking a 23.34% increase over the past month, as it approaches the crucial $4,000 psychological barrier. The token’s bullish performance has been fueled by WLFI’s $10 million acquisition, robust ETF inflows, and heightened network activity.
Ethereum surges 23% in one month, hitting $3,896. Source: CoinMarketCap
Data from CryptoQuant shows Ethereum ETFs holding a record 3.43 million ETH, with $102 million in inflows recorded on Dec. 11. Such sustained demand could propel ETH beyond its psychological $4,000 resistance level.
Network activity has also surged, with daily transactions reaching 7.5 million in 2024, up from 5 million the previous year. This increased activity has contributed to higher transaction fees, helping stabilize ETH’s supply growth.
Aave (AAVE): Dormant Coins and Strategic Partnerships
AAVE experienced a 30% surge following WLFI’s $1 million investment at an average price of $297.8. The project’s acquisition coincides with increased whale activity and renewed interest in the token.
AAVE surpasses $300 amid rising whale activity. Source: Santiment
Santiment data indicates a massive drop in AAVE’s “Mean Dollar Invested Age,” signaling that large holders are actively circulating dormant tokens. This activity has been a key driver behind AAVE’s rally, which reached a high of $363, its strongest since 2021.
The rally is also driven by Aave’s strategic advancements, including its partnership with Balancer to enhance liquidity through V3 upgrades. Additionally, the token’s upcoming integration with Linea’s zk-rollup network promises lower transaction costs and improved scalability, bolstering adoption.
Blockchain Capital holds $140.53M in assets. Source: X
AAVE’s performance underscores heightened investor confidence, with trading volume rising by over 84% to $2.1 billion. Analysts caution, however, that sustained whale activity will be critical to maintaining bullish momentum.
WLFI’s strategic crypto purchases underscore growing confidence in decentralized finance under Trump’s anticipated administration. LINK, ETH, and AAVE have all benefited from the spotlight, bolstered by strong institutional backing, whale activity, and strategic advancements.
