Whales in the crypto market have been actively buying Chainlink ($LINK). One whale spent 1,263 ETH ($4.94 million) to acquire 175,424 LINK at an average price of $28.18.
World Liberty Financial, a fund associated with U.S. President-elect Donald Trump, made significant investments in Ethereum, Aave, and Chainlink. The fund allocated $7 million USDC for the purchases.
This marks World Liberty Financial's first-ever purchase of AAVE and LINK. Over the past 12 days, the fund has spent a total of $30 million USDC on 8,105 ETH.
Chainlink's on-chain activity has been rising, experiencing new yearly highs in transactions and active addresses. Collaborations with high-profile entities such as Coinbase's Project Diamond, Brazil's Central Bank, and SWIFT add to its utility and potential demand.