The cryptocurrency market has just witnessed an explosion as World Liberty Financial (WLFi), the decentralized finance (DeFi) project backed by President-elect Donald Trump's family, purchased a large amount of tokens $AAVE and $LINK along with #ETH .
Transaction details:
According to on-chain data, on December 12, WLFi's wallet spent a total of 12 million USD, including:
• 10 million USDC to buy 2,631 ETH at an average price of 3,801 USD/ETH.
• 1 million USDC bought 41,335 LINK at 24.2 USD/LINK.
• 1 million USDC bought 3,357 AAVE at a price of 297.8 USD/AAVE.
These transactions have caused the prices of AAVE and LINK to increase by over 30%, while ETH rose by 7% within just a few hours of morning trading in the Asian market.
The role of the Trump family in the project:
• Donald Trump has been called the 'Chief Crypto Advocate.'
• Eric Trump and Donald Trump Jr. are 'Web3 Ambassadors.'
• Barron Trump plays the role of 'DeFi Creator.'
World Liberty Financial's long-term plan:
1. Using Chainlink:
This platform integrates data from Chainlink, supporting cross-chain interoperability and providing accurate price data.
• Zach Rynes, a representative of the Chainlink community, stated: 'This combination will bring DeFi to the masses as U.S. laws become clearer.'
2. Launching Aave v3 instance:
WLFi has proposed launching an Aave v3 instance on Ethereum, integrating risk management and revenue sharing with liquidity providers. The proposal has received the necessary votes and will officially close on December 13.
Market analysis:
The move from WLFi not only boosts the value of the tokens but also demonstrates a strategic vision for expanding DeFi through the integration of traditional finance and blockchain. With the backing of the Trump family, experts predict that the market will see many positive fluctuations in the coming months.
At the moment, Bitcoin is still hovering around 102,000 USD, while tokens like AAVE and LINK continue to attract significant attention from investors.