LINK, AAVE wave, Donald Trump’s crypto project bought for $1 million each

Crypto wallets connected to World Liberty Financial, a project backed by the Trump family, bought millions of dollars worth of various major tokens on Thursday morning, sending their prices skyrocketing.

World Liberty Financial is a one-stop platform where users can borrow and lend cryptocurrencies, create liquidity pools and transact with stablecoins. WLFI serves as the control token for the platform.

President-elect Donald Trump is the “chief crypto supporter” of the project. His two sons, Eric and Donald Trump Jr., are “web3 ambassadors,” while Barron holds the title of “DeFi visionary.”

The data shows that the project bought $10 million in Ether (ETH) and $1 million each in (AAVE) and Chainlink’s LINK tokens on Thursday. Following the buying, ETH rose 7% in the morning in Asia, while AAVE and LINK rose 30% in bullish sentiment.

The wallet has spent $30 million to buy 8,105 ETH at an average price of $3,700 over the past 12 days. Spot on Chain.

Well followed crypto trader @TheFlowHorse predicted Tokens may be part of big plans in the coming months: “Trump’s account is buying crypto pairs that will greatly benefit his plans.”

World Liberty Financial uses the services of data provider Chainlink to better integrate with the broader crypto ecosystem. According to its November report, Chainlink supports the platform by providing critical pricing data and cross-chain interoperability infrastructure.

“As Trump’s World Liberty Financial DeFi platform adopted the Chainlink standard for data and cross-chain communication earlier this year, the recent $1 million purchase in LINK further strengthens the long-term balance between the two ecosystems,” Chainlink Community Liaison Zach. Raines said in a Telegram message to CoinDesk.

“As the new administration brings regulatory clarity to crypto in the US, Chainlink and WLFi are well-positioned to bring DeFi to the masses on an unprecedented scale,” added Raines.

Last week, the platform’s DAO World Liberty Financial offered to deploy an instance of Aave v3. This instance is built on the existing Aave v3 infrastructure and managed by external risk managers issued in Ethereum.

An instance refers to a specific deployment or version of a protocol, application, or service on a blockchain network.

A quorum was reached before voting closed on December 13. shows management dataand the main goals include attracting first-time users to the platform, as well as sharing a portion of the revenue with those who provide liquidity.