Former President Donald Trump is backing World Liberty Financial (WLFI), which recently invested $5 million in Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). The purchases included 2,631 ETH at $3,801, 41,335 LINK at $24.2, and 3,357 AAVE at $297.8, marking a diversification of WLFI's investment portfolio. Following these acquisitions, LINK has seen significant price movement. WLFI proposed to launch an Aave v3 protocol on its platform, supporting borrowing and lending with Ethereum and stablecoins like USDC and USDT. The AaveDAO would gain a portion of WLFI tokens and commissions from this new protocol instance. WLFI now has over $50 million in Ethereum and around $74 million in various cryptocurrencies, indicating a substantial commitment to the decentralized finance sector. Trump's support for crypto has evolved significantly, with indications of a pro-crypto regulatory stance, reflecting a broader trend in financial innovation and investment in the digital asset space.

Source 🔗