Led by the Trump family, the DeFi project "World Liberty Financial" has been very active lately, and on Thursday morning, it splurged tens of millions of dollars on Ether and other mainstream tokens, instantly igniting market trends, spurring LINK and AAVE prices to soar.
World Liberty Financial is a multifunctional DeFi platform that allows users to lend cryptocurrencies, create liquidity pools, and trade stablecoins, with WLFI serving as the governance token, representing users' rights to participate in platform decision-making.
The "Chief Cryptocurrency Advocate" of this DeFi project is none other than the incoming U.S. President Donald Trump, with his two sons, Eric and Donald Trump Jr., serving as "Web3 Ambassadors," while Barron Trump has been dubbed the "DeFi Visionary."
Big purchases of LINK and AAVE ignite market frenzy
On-chain data shows that World Liberty Financial's related wallet this morning (12th) not only spent $10 million to purchase Ether (ETH) but also invested $1 million each in Aave (AAVE) and Chainlink (LINK).
This move directly ignited market sentiment, with Ether rising 7% during the Asian morning session, reaching a high of $3,942.65 today; AAVE and LINK were also spurred by the news, both soaring 30%.
CoinGecko market data shows that as of the time of writing, Ether is quoted at $3,911, with a 24-hour increase of 5.7%; AAVE rose 29.7% to $353.53; LINK rose 23% to $27.94.
Trump's World Liberty (@worldlibertyfi) is buying $ETH, $LINK and $AAVE!
In the past 9 hours, the World Liberty Multisig wallet spent $10M USDC to buy 2,631 ETH at $3,801, $1M USDC to buy 41,335 LINK at $24.2, and $1M USDC to buy 3,357 AAVE at $297.8. https://t.co/mtD0c2tvvo pic.twitter.com/B11KvcwRJQ
— Lookonchain (@lookonchain) December 12, 2024
According to Spot on Chain tracking, World Liberty Financial has successively purchased 8,105 Ether in the past 12 days, spending approximately $30 million in total, with an average purchase price of about $3,700 per coin.
Renowned cryptocurrency trader "@TheFlowHorse" speculated that this round of buying may be closely related to the project's significant future plans. He pointed out: "Trump's team is clearly targeting cryptocurrencies that will shine in future plans."
Chainlink becomes a strategic partner, on-chain actions reveal long-term layout
It is worth noting that World Liberty Financial has adopted the data services provided by Chainlink to enhance integration with the broader cryptocurrency ecosystem. Chainlink not only supplies critical price data but also built cross-chain infrastructure for the platform, becoming one of the core partners in project operations.
Chainlink community liaison Zach Rynes stated: "World Liberty Financial adopted Chainlink's standard data and cross-chain technology earlier this year, and recently purchased $1 million worth of LINK on-chain, further solidifying the deep cooperation between the two ecosystems."
He added: "As the new government will bring regulatory clarity to the U.S. cryptocurrency industry, Chainlink and WLFI are expected to drive the mass adoption of DeFi, creating a new landscape."
Deploy Aave v3 to attract new users
In addition, World Liberty Financial's decentralized autonomous organization (DAO) proposed a plan last week to deploy a new feature based on Aave v3, supervised by external risk managers, and operating on the existing Aave v3 infrastructure, launched on the Ethereum blockchain.
According to governance data, the proposal has already met the voting threshold ahead of schedule and will end on December 13. The core goal of this deployment is to attract more new users and share profits with liquidity providers.
"Trump's DeFi project makes a big buy! LINK and AAVE soar 30%" This article was first published on (Blockchain Customer).
