Large-scale crypto purchases by the Trump family-backed World Liberty Financial project have led to sharp increases in the prices of Ethereum, AAVE, and LINK.
Wallets affiliated with the Trump family-backed World Liberty Financial (WLFI) project purchased large amounts of popular cryptocurrencies early on Thursday morning, December 12, leading to sharp increases in the prices of these assets.
According to data provided by blockchain analytics platform Lookonchain, a multisig wallet affiliated with the World Liberty Financial project purchased 2,631 ETH for 10 million USDC at an average of $3,801, 41,335 LINK for 1 million USDC at an average of $24.2, and 3,357 AAVE for 1 million USDC at an average of $297.8 in the early hours of December 12.
Following these purchases, the price of Ethereum (ETH) increased by 7%, while AAVE and LINK saw 30% jumps in price.
US President-elect Donald Trump holds the title of the platform’s “chief crypto evangelist,” while his sons Eric and Donald Trump Jr. serve as “web3 ambassadors.” Barron Trump has been described as the platform’s “DeFi visionary.”
Positive Atmosphere Blows in the Market
This move by the Trump family created a strong positive atmosphere in the market, increasing interest in this project among investors. Analysts note that these purchases not only affect price movements, but also strengthen World Liberty Financial’s position in the sector.
The Trump family's continued interest in the crypto world with concrete steps at this level brings with it new discussions in both the DeFi and Web3 fields.