Crypto News

Whales And World Liberty Financial Drive Major $LINK And $ETH Purchases

Whale activity in the crypto market has intensified, with a recent purchase highlighting growing interest in Chainlink ($LINK).

Over the past five hours, a whale spent 1,263 ETH, equivalent to $4.94 million, to acquire 175,424 LINK at an average price of $28.18.

Adding to the momentum, World Liberty Financial, a fund associated with U.S. President-elect Donald Trump, made significant investments in Ethereum, Aave, and Chainlink in the last hour. The fund allocated $7 million USDC as follows:

– 1,306 ETH ($5M) purchased at an average price of $3,829.

– 3,357 AAVE ($1M) bought at an average price of $297.84.

– 41,335 LINK ($1M) acquired at an average price of $24.19.

This marks the fund’s first-ever purchase of AAVE and LINK. Over the past 12 days, World Liberty Financial has spent a total of $30 million USDC on 8,105 ETH, bringing its Ethereum holdings to 14,572 ETH, valued at $57 million.

The fund’s strategic purchases appear to be driving up the prices of ETH, AAVE, and LINK, adding to bullish sentiment in the market.

Chainlink’s rising on-chain activity further bolsters this optimism. The past month has seen new yearly highs in both transactions and active addresses. Additionally, high-profile collaborations with Coinbase’s Project Diamond, Brazil’s Central Bank, and SWIFT are poised to enhance Chainlink’s real-world utility, potentially fueling further demand for LINK.

As major players like whales and institutional funds continue to accumulate, these developments signal growing confidence in the future of these leading cryptocurrencies.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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