Trump's World Liberty Financial Propels LINK Price Up

In a series of rapid transactions completed within just 15 minutes, World Liberty Financial purchased 220,000 LINK tokens, totaling an impressive $5.63 million

World Liberty Financial, a crypto venture linked to former President Donald Trump, made headlines on Monday with a series of rapid transactions that propelled Chainlink (LINK) prices soaring.

According to Chinese reporter Wu Blockchain, WLFI purchased 220,000 LINK tokens in just 15 minutes, a transaction valued at $5.63 million.

This acquisition was part of a larger buying spree that included 13,000 Aave (AAVE) tokens for $4.41 million and 37.267 million TRON (TRX) tokens for $8.86 million.

These transactions generated significant buying pressure, contributing to a 44% uptrend in LINK prices over two weeks and an immediate increase of over 11% within 24 hours.

While this momentum is promising, LINK prices are still about 49% lower than the all-time high of $52.70 set during the 2021 bull run, currently hovering just above the $26 mark.

On a social media post on X (formerly Twitter), WLFI highlighted these acquisitions, tying them to the inauguration of Donald J. Trump as the 47th President of the United States.

The post mentioned additional purchases, including $47 million each in ETH and wBTC, along with similar amounts in AAVE, LINK, TRX, and Ethena (ENA).

This involvement by the Trump family in the crypto space has fueled optimism among bullish LINK investors, boosting confidence in the token’s future prospects.

Analysts like Michael van de Poppe have joined the conversation, noting that LINK has undergone a standard 30% correction, a pattern that has occurred over 15 times in previous cycles. However, as market conditions improve, van de Poppe anticipates an upward price movement for Chainlink toward the $35 mark.

Adding to the positive sentiment, market expert Ali Martinez reported a massive withdrawal of over 770,000 LINK tokens from crypto exchanges on Tuesday, suggesting that investors are growing optimistic about the token's performance and a possible continuation of the uptrend observed over the past month.

Prominent crypto traders like Satoshi Flipper also expressed optimism about LINK’s price action, highlighting the token's potential for further adoption and performance.

He noted the formation of a falling wedge pattern that could propel LINK toward its all-time high, suggesting that a price doubling from current levels is possible. Flipper emphasized Chainlink's importance in the crypto space, arguing that dismissing the potential for further gains before reaching new highs would be a mistake.

Notably, Aixbt pointed out that LINK’s monthly Relative Strength Index (RSI) currently stands at 67, approaching the critical 70 level that, in a previous setup, triggered a dramatic 375% price surge.

The setup now appears on a higher time frame, with the RSI approaching 70 as prices attempt to break out of a falling wedge pattern. In an earlier cycle, such conditions propelled prices from $3.50 to $20. If this setup were to play out again, a surge could push LINK toward the $124.80 mark, almost tripling the current peak.