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ETH, AAVE & LINK Soar as Trump’s World Liberty Financial Buys $12M of Tokens
- World Liberty Financial, a cryptocurrency platform supported by the Trump family, made waves in the digital asset market on December 12, 2024, with major token purchases totaling $12 million.
- The buying spree caused substantial price increases across several leading cryptocurrencies.
- The project’s cryptocurrency wallet executed a series of purchases early Thursday, acquiring $10 million worth of Ethereum (ETH) and investing $1 million each in Aave (AAVE) and Chainlink (LINK) tokens.
- ETH prices climbed 8% during Asian trading hours.
- AAVE surged 33% to reach $356, while LINK jumped 30% to trade at $29.29.
- World Liberty Financial is developing a DeFi platform using Chainlink’s infrastructure and plans to deploy an Aave v3 instance.
- Donald Trump serves as “chief crypto advocate” while his sons Eric and Donald Jr. are “web3 ambassadors”.
- The proposal has already received enough votes to meet quorum before its December 13 deadline.
- Recently, World Liberty Financial has been working to expand its technological infrastructure and has integrated with Chainlink’s services to enhance its connectivity with the broader cryptocurrency ecosystem.
- The recent price movement brings attention to Chainlink's expanding role in the DeFi ecosystem.
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