Donald Trump-related World Liberty Financial (WLF) bought millions worth of Chainlink (LINK) and Aave (AAVE) coins over the past 24 hours.
Launched in September, World Liberty Financial is a decentralized money market, tied to Trump’s family and offering users the ability to borrow, lend, and earn interest on crypto assets.
Sponsored
WLF Expands Crypto Holdings
A DeFi project has made moves in the crypto space, acquiring 78,387 LINK tokens worth over $2.26 million and 4,043 AAVE tokens valued at approximately $1.5 million on December 12.
WLF buys LINK and AAVE tokens on December 12Source: Arkham
This marks the first time WLF has acquired both tokens. Over the past 12 days, the project spent $30 million to purchase 8,105 ETH at an average price of $3,701.
WLF buys LINK and AAVE tokens on December 12Source: Arkham The wallet created just a few months ago now holds over $74.7 million in crypto assets, with ETH making up the largest portion at $56.87 million.
WFL’s Ties With AAVE and LINK
WLF has officially proposed launching its platform on Aave V3 on Ethereum’s mainnet this October, aiming to leverage Aave’s lending and borrowing protocol known for its security and reliability.
As part of its strategy, WLF reported to allocate 20% of its protocol’s interest earnings to the Aave Ecosystem Reserve, supporting its growth and development.
Additionally, WLF announced a partnership with Chainlink to accelerate DeFi adoption in mid-November.
According to it, Chainlink will serve as WLFI’s primary provider of on-chain data and cross-chain connectivity, facilitating its launch on Ethereum.
In the first phase of the integration, Chainlink was said to use its Price Feeds to add digital assets like USDC, USDT, ETH, and WBTC to Aave V3 protocol.
LINK and AAVE Prices Reacted
Coinciding with World Liberty Financial’s purchase, Aave (AAVE) and Chainlink (LINK) emerged as the day’s top cryptocurrency performers on Thursday.
AAVE surged by over 19%, climbing to $389 — its highest level in more than three years — with trading volume spiking 146% to $2.38 billion.
LINK’s rally was even more pronounced, posting a 21.5% gain from $24.1 to $29.3 in a single day before settling at $28.6 by the time of writing.
On The Flipside:
- WLF’s early token sales raised less than $15 million, falling far short of the $300 million goal. This led to a reduction in the fundraising target to $30 million. Tron’s founder, Justin Sun, later contributed $30 million to the project, becoming its largest investor and advisor.
Why This Matters
World Liberty Financial is just one of many DeFi platforms offering similar services. However, its association with the Trump name gives its actions potential influence within the cryptocurrency community.
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