Chainlink (LINK) News: Price Surges 40% Following Trump’s Crypto Venture Purchase

In a dramatic turn of events, Chainlink (LINK) experienced a 40% price surge after World Liberty Financial (WLFI), a crypto venture linked to former President Donald Trump, purchased 220,000 LINK tokens within just 15 minutes. This significant acquisition, totaling $5.63 million, has sparked widespread interest and speculation in the cryptocurrency market.

LINK Price Soars 40% After Trump’s Crypto Venture Purchases 220,000 Tokens In 15 Minutes

On Monday, the cryptocurrency market witnessed a significant surge in Chainlink (LINK) prices following a remarkable acquisition by World Liberty Financial (WLFI), the crypto venture associated with President Donald Trump. In a series of rapid transactions completed within just 15 minutes, World Liberty Financial purchased 220,000 LINK tokens, totaling an impressive $5.63 million, according to Chinese reporter Wu Blockchain. This strategic move was accompanied by additional acquisitions, including 13,000 AAVE (AAVE) tokens valued at $4.41 million and 37.267 million TRON (TRX) tokens worth $8.86 million. The buying pressure generated by these transactions contributed to a notable 44% uptrend in LINK’s price over a two-week period.

World Liberty Financial Adds $47 Million of ETH and wBTC to Celebrate Trump’s Inauguration

World Liberty Financial (WLFI), a DeFi platform backed by Donald Trump, has added $47 million each of wrapped Bitcoin (wBTC) and Ethereum (ETH) to celebrate Trump’s inauguration as the 47th President of the United States. Additionally, WLFI announced strategic purchases of Aave (AAVE), Tron (TRX), Chainlink (LINK), and Ethena (ENA) for its portfolio. The platform has seen massive demand and interest, leading to the opening of an additional block of 5% of the token supply.

TRON (TRX) Becomes Third-Largest Holding of World Liberty Financial

TRON (TRX) has become the third-largest holding in the portfolio of World Liberty Financial (WLFI), a DeFi project associated with the Trump family. Justin Sun, the founder of TRON, highlighted that WLFI is increasingly accumulating TRX, turning into a significant holder of the cryptocurrency. Sun also credited former President Donald Trump for some of the recent bullish movements in the cryptocurrency market. This development follows Sun's recent acquisition of more WLFI tokens, further solidifying the relationship between TRON and the Trump family's DeFi initiative.