DeFi project World Liberty Financial has triggered a bullish run in LINK and AAVE after it made a decisive acquisition
World Liberty Financial (WLFI), a Donald Trump-affiliated protocol, is back in the spotlight with another major crypto purchase. After a recent $12 million spree, Etherscan data shows WLFI has increased its holdings in Chainlink (LINK) and Aave (AAVE), spending millions more on the tokens. These acquisitions have boosted the tokens’ prices and sparked curiosity about WLFI’s overall strategy.
WLFI Strengthens DeFi Portfolio with Major Altcoins Buys
WLFI, a growing player in the DeFi space, has shown its plan to expand and strengthen its digital asset holdings. The protocol recently spent $1 million on Circle’s USDC to buy 37,052 LINK tokens. This latest buy has increased its total LINK holdings to 78,387 tokens, with an average purchase price of $25.5.
LINK has been performing well, increasing 22% in the last week and 21.02% in a single day. WLFI’s large purchase largely influenced this uptick.
In addition to LINK, WLFI invested in Aave, buying 685 AAVE tokens for $257,672 USDC. This brings its total AAVE holdings to 4,042 tokens, purchased at an average price of $308.4 each. AAVE has seen a huge 46% price increase in the past week, and WLFI’s purchases are influencing the market trends.
WLFI’s recent transactions show a clear plan for diversifying its crypto investments. WLFI also acquired several other altcoins, including Fantom (FTM), Curve DAO (CRV), ParaSwap (PSP), Stake DAO (SDT), and Balancer (BAL), from an OKX-linked wallet. WLFI is expanding its presence in the DeFi space by adding a range of tokens.
The Ripple Effect on Market Sentiment
Although the reason behind its recent buying spree is unclear, its link to Trump makes it more noticeable and sparks extra curiosity. Because of this connection, market participants are paying more attention.
Many wonder if there is a bigger strategy behind WLFI’s moves. As WLFI grows and becomes more active in the crypto world, its actions will likely attract more scrutiny and analysis.
Nevertheless, WLFI’s recent purchases have not only increased its holdings but have also influenced the market.
According to CoinMarketCap data, AAVE is priced at $366.33 at the time of writing, up 3.02 in the last 24 hours. Chainlink’s token LINK, on the other hand, recently surged in price by 29%, drawing significant attention from the crypto community.
Supporters like Zach Rynes, or ChainLinkGod on X, have even called LINK the true “bank coin.” The token was compared to XRP’s long-standing ties with financial institutions. Currently, LINK is trading at $28.74, following a 0.27% daily increase, reflecting its growing importance in the market.
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