Trump’s World Liberty Financial Invests $12 Million in AAVE, LINK, and ETH
The market is experiencing bullish sentiments, with Bitcoin crossing the $100,000 mark. Whale activity and on-chain signals indicate a potential bull run.
The total crypto market cap has risen to $3.56 trillion within 24 hours, positioning altcoins to potentially lead a new rally as the market approaches an all-time high.
Trump’s Fund Invests in AAVE, LINK, and ETH
Donald Trump’s World Liberty Financial has strategically invested in DeFi tokens, acquiring Ethereum, Aave, and Chainlink while holding significant amounts of USDT and USDC.
The firm purchased 3,357 Aave tokens valued at $1 million and 41,335 Chainlink tokens also worth $1 million. Aave was acquired at an average price of $297.8, and Chainlink at $24.19.
U.S. President-elect Donald Trump's World Liberty Financial has spent $12M on $ETH, $AAVE, and $LINK in the past 10 hours, including:
• 2,631 $ETH ($10M) at ~$3,801
• 3,357 $AAVE ($1M) at ~$297.8
• 41,335 $LINK ($1M) at ~$24.19This is the fund's first… pic.twitter.com/izCy3nLGjR
— Spot On Chain (@spotonchain) December 12, 2024
Additionally, the fund purchased 2,631 Ethereum tokens valued at $10 million, averaging $3,801 per token. This marks the first acquisition of Aave and Chainlink by World Liberty Financial, which maintains strategic stablecoin holdings.
The fund's interest in Ethereum increased significantly over the last two weeks, accumulating $30 million USDC to purchase 8,105 Ethereum tokens at an average price of $3,701. The holdings include $3.05 million USDT and $1.51 million USDC.
AAVE Poised for Growth
Aave is set for significant growth, with its market value surpassing $300 for the first time in three years. A recent report from Santiment indicates a substantial decrease in Aave's mean dollar invested age due to major whale activities returning previously stagnant tokens to circulation.
📈 As several altcoins grow today, AAVE has erupted to a market value of over $300 for the first time in over 3 years. Pay attention to projects that have massive drops in "Mean Dollar Invested Age" like AAVE. This indicates major key stakeholders are moving previously stagnant… pic.twitter.com/VmywKxRTzh
— Santiment (@santimentfeed) December 11, 2024
This influx of liquidity is contributing to bullish momentum. Over the past month, Aave's average return has been 33%, with active traders increasing by 109% over the past year. The average age of Aave coins has decreased from 635 to 537 days in seven weeks, suggesting a prolonged bull run.
The growing interest from financial funds associated with Donald Trump and increased whale activity indicates that altcoins, particularly DeFi tokens, may be positioned for significant movement ahead.