LINK Price Soars 40% After Trump’s Crypto Venture Purchases 220,000 Tokens In 15 Minutes
Chainlink (LINK) prices surged following World Liberty Financial's (WLFI) acquisition of 220,000 LINK tokens for $5.63 million. Additional purchases included 13,000 Aave (AAVE) tokens and 37.267 million TRON (TRX) tokens. LINK's price increased by 44% over two weeks and over 11% in 24 hours, yet remains about 49% below its all-time high of $52.70. WLFI's acquisitions were announced to commemorate Donald Trump's inauguration as the 47th President. Analysts predict LINK could rise to $35, with over 770,000 LINK tokens withdrawn from exchanges, indicating investor confidence. Optimism surrounds LINK's adoption and potential price doubling, with a monthly Relative Strength Index (RSI) nearing 70, which historically precedes significant price surges.
