December 12, 202413:22 GMT+3
President-elect Donald Trump-backed cryptocurrency project World Liberty Financial (WLFI) sparked major market moves early Thursday by buying millions of dollars worth of Ethereum (ETHUSD), Chainlink (LINKUSD), and AAVE (AAVE).
The project’s multi-signature wallet spent $10 million on ETH and $1 million each on LINK and AAVE. This caused the prices of LINK and AAVE to rise by 30% and ETH to rise by almost 7%.
World Liberty Financial Makes Strategic Token Acquisitions
Web3 on-chain analytics tool LucuChain revealed that World Liberty Financial’s multi-signature wallet acquired 2,631 ETH at an average price of $3,801, 41,335 LINK at $24.2, and 3,357 AAVE at $297.8. This marks the project’s first purchase of AAVE and LINK tokens, indicating a strategic diversification of its holdings.
Spot on Chain also reports that the project has spent $30 million in the past 12 days to acquire 8,105 ETH at an average price of $3,700. These purchases are part of a broader strategic initiative by World Liberty Financial, which integrates with DeFi protocols to offer borrowing, lending, and liquidity services.
Prominent crypto trader, @TheFlowHorse, predicted on X: “Trump’s account is buying crypto pairs that are expected to benefit greatly from his plans.”
World Liberty Financial uses Chainlink data services to enhance integration with the broader cryptocurrency ecosystem. The platform relies on Chainlink pricing data and cross-chain interoperability tools.
Additionally, the DAOUSD proposed to World Liberty Financial to deploy Aave v3 on Ethereum. This deployment would leverage external risk managers and aim to attract first-time DeFi users while sharing revenue with liquidity providers. The proposal, which has already passed quorum, reflects the platform’s ambition to expand its offerings.
“Trump’s World Liberty Financial is adopting Chainlink price feeds for their Aave V3, so it makes sense,” commented Zach Raines, Chainlink community liaison. “But LINK’s value goes far beyond that. It connects the global financial system to blockchains. No one is better positioned to benefit from a positive US regulatory environment.”
Market Impact on ETH, LINK, and AAVE
The strategic purchases by World Liberty Financial have resonated across the market. The 30% price increases for LINK and AAVE reflect investor confidence in the tokens’ roles within the platform ecosystem. Meanwhile, ETH’s 7% rise reinforces its status as a reserve asset, with the project holding over $50 million worth of ETH.
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At the same time, the continued accumulation of ETH, among other things, is in line with the project’s vision of deepening engagement with the cryptocurrency economy. President-elect Donald Trump’s leadership as a “key advocate for cryptocurrencies” has brought great interest to World Liberty Financial.
His sons, Eric and Donald Trump Jr., also serve as “Web3 Ambassadors,” while Barron Trump holds the title of “DeFi Pioneer.” Together, they aim to position the United States as a global leader in crypto adoption.
“This platform will help make America the crypto capital of the world,” Eric Trump said during the project launch.
Since October, the initiative has raised over $55 million through the WLFI token sale, accepting ETH, USDC, and USDT from accredited investors. However, this figure is still far short of its $300 million fundraising goal.
The project’s treasury, through a limited liability company, also manages approximately $73 million in cryptocurrencies, including wrapped Bitcoin (cbUSD), USDC, USDT, and altcoins. On-chain activity shows frequent trades via CoW Swap, a decentralized exchange optimized for cost-effective transactions.
Despite these efforts, the project faces challenges in meeting its fundraising goals after failing to impress crypto investors during its initial launch.
