- Trump-backed World Liberty Financial bought LINK worth $1M.
- The bid triggered LINK to front a new yearly high of $29.
On the 12th of December, Chainlink [LINK] soared over 23% following news of World Liberty Financial (WLF) buying over $1 million in LINK.
The altcoin jumped from $23 to $29 but has since eased slightly to $27 at press time.
According to a blockchain analytics firm, SpotOnChain, the Donald Trump-backed DeFi protocol also bought Aave [AAVE] and Ethereum [ETH].
WLF wallets now hold over $64M, dominated mainly by DeFi tokens.
Source: SpotOnChain
Community reactions
Reacting to the update, Chainlink community liaison Zach Rynes underscored the move as WLF’s confidence in LINK. He stated,
“Trump’s DeFi project is buying up $LINK, accumulating $1M (41,335 LINK)… This follows from the recent announcement last month that World Liberty is adopting Chainlink starting with the integration of Price Feeds.”
Another market analyst, Horse, claimed that whatever WLF bids might signal projects that could benefit from Trump’s policy plans. He noted,
“Trump’s account is buying the cr
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Author: Benjamin Njiri
