The Donald Trump-backed World Liberty FInancial protocol has had a big week with $5 million in ETH, AAVE, and LINK investments.

Trump-backed World Liberty Financial purchased $12 million worth of cryptocurrencies, causing price surges in ETH, AAVE, and LINK tokens

Trump's World Liberty ( @worldlibertyfi) is buying $ETH, $LINK and $AAVE! In the past 9 hours, the World Liberty Multisig wallet spent 10M $USDC to buy 2,631 $ETH at $3,801, 1M $USDC to buy 41,335 $LINK at $24.2, and 1M $USDC to buy 3,357 $AAVE at $297.8. https://t.co/mtD0c2tvvo pic.twitter.com/B11KvcwRJQ

President-elect Donald Trump is once again in the headlines after his new crypto venture, World Liberty, spent $12 million buying Ethereum, Link, and Aave. The wallet spent the majority of the funds buying Ethereum and the rest of the funds were distributed to Chainlink and Aave purchases.

LINK neared $30 in Asian morning hours Friday, data shows, with open interest (OI) on the token’s futures zooming to record highs above $860 million.

Cryptocurrencies traded in the green today as bulls flexed after Monday’s crash. Amidst the optimism, Chainlink (LINK) stole the show as it touched price levels not seen since November 2021. LINK’s outperformance follows massive institutional purchases.