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Bullish
Chainlink and AAVE Rise After Trump's Crypto Project Invests
US President-elect Donald Trump's World Liberty Financial (WLF) has invested millions in Ethereum (ETH), Aave (AAVE), and Chainlink (LINK), driving up AAVE and LINK prices. On December 11, the fund bought $10 million in ETH, $1 million in AAVE, and $1 million in LINK, according to Lookonchain via X and Etherscan.
These are the fund's first AAVE and LINK buys, and in the past 12 days it has spent $30 million in USDC to buy more than 8,000 ETH at $3,701.
The rise aligns with World Liberty Financial's integration of Chainlink's technology. WLF said it “will leverage Chainlink as the standard for onchain data and cross-chain interoperability” to safeguard its protocol ecosystem last month.
The press announcement called Chainlink “the most secure solution for solving critical security, interoperability, and onchain data problems” and said it will “kick off the next wave of DeFi mass adoption” for WLFI. Chainlink Price Feeds will be integrated on Ethereum mainnet before launching a World Liberty Financial version of Aave's v3 instance, subject governance permission.
WLF proposed deploying Aave v3 on the Aave governance forums in October. Aave creator Stani Kulechov said WLF's instance is a different version of Aave's technology with KYC-compliant front-ends.
WLF uses the biggest smart contract-compatible public blockchain and basic decentralized financial primitives while adhering to strict compliance standards.
AAVE has surged 138% in five weeks and is exhibiting technical robustness. The price movement today broke the 0.5 Fib level at $356.84 (from the all-time high to the cycle low). Upside objectives include the 0.618 Fib at $430.29, the 0.786 Fib at $534.87, and the May 2021 ATH at $668 if this level holds weekly.
Chainlink gained nearly 175% in the previous five weeks. The $28.88 0.5 Fibonacci retracement is the most important technical resistance level. A strong break above this level might lead to the 0.618 Fib at $34.57, the 0.786 Fib at $42.67, and the May 2021 ATH at $53.
US President-elect Donald Trump's World Liberty Financial (WLF) has invested millions in Ethereum (ETH), Aave (AAVE), and Chainlink (LINK), driving up AAVE and LINK prices. On December 11, the fund bought $10 million in ETH, $1 million in AAVE, and $1 million in LINK, according to Lookonchain via X and Etherscan.
These are the fund's first AAVE and LINK buys, and in the past 12 days it has spent $30 million in USDC to buy more than 8,000 ETH at $3,701.
The rise aligns with World Liberty Financial's integration of Chainlink's technology. WLF said it “will leverage Chainlink as the standard for onchain data and cross-chain interoperability” to safeguard its protocol ecosystem last month.
The press announcement called Chainlink “the most secure solution for solving critical security, interoperability, and onchain data problems” and said it will “kick off the next wave of DeFi mass adoption” for WLFI. Chainlink Price Feeds will be integrated on Ethereum mainnet before launching a World Liberty Financial version of Aave's v3 instance, subject governance permission.
WLF proposed deploying Aave v3 on the Aave governance forums in October. Aave creator Stani Kulechov said WLF's instance is a different version of Aave's technology with KYC-compliant front-ends.
WLF uses the biggest smart contract-compatible public blockchain and basic decentralized financial primitives while adhering to strict compliance standards.
AAVE has surged 138% in five weeks and is exhibiting technical robustness. The price movement today broke the 0.5 Fib level at $356.84 (from the all-time high to the cycle low). Upside objectives include the 0.618 Fib at $430.29, the 0.786 Fib at $534.87, and the May 2021 ATH at $668 if this level holds weekly.
Chainlink gained nearly 175% in the previous five weeks. The $28.88 0.5 Fibonacci retracement is the most important technical resistance level. A strong break above this level might lead to the 0.618 Fib at $34.57, the 0.786 Fib at $42.67, and the May 2021 ATH at $53.
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