Donald Trump’s Project Acquires Large Amount of Chainlink, Price Surges 20%

Trump’s decentralized finance (DeFi) project, World Liberty Financial, has purchased thousands of Altcoins in the past few hours using USDC, including Ethereum, Chainlink, and AAVE.

According to data from Etherscan on December 12, WLFI purchased more than 2,631 ETH, worth 10 million USDC, at an average price of $3,801.

Chainlink was the second token purchased by Trump’s project, worth 1 million USDC, equivalent to 41,335 LINK at an average price of $24.2. Currently, the token’s price has increased by 20%, reaching $29 on the day.

The project also purchased 3,357 AAVE worth a total of 1 million USDC at an average price of $297 per token.

The move comes after Tron founder Justin Sun announced a $30 million investment in the projects, claiming to be the largest investor.

“We are excited to invest $30 million in World Liberty Financial @worldlibertyfi as our largest investor. The US is becoming the center of blockchain, and Bitcoin owes that to @realDonaldTrump! TRON is committed to making America great again and leading innovation. Let’s go!” Sun shared in his post.

Following the funding news, crypto billionaire and Tron founder Justin Sun joined the project as an advisor. The company said in its X post that Sun’s experience will be important as they continue to innovate and grow.