Chainlink's price surged today following significant investment activity by World Liberty Financial (WLFI), a decentralized finance project associated with Donald Trump. WLFI acquired 41,335 LINK tokens using 1 million USD Coin (USDC), which has contributed to the sharp increase in Chainlink's value. This move is part of a broader acquisition strategy by WLFI, which also included substantial purchases of Ethereum and AAVE. The investment was further bolstered by Tron founder Justin Sun, who announced a $30 million investment in WLFI, positioning himself as the largest investor and joining the firm as an advisor.
The market responded positively to these developments, with Chainlink experiencing a notable price increase. The acquisition by WLFI and the involvement of high-profile figures like Justin Sun have likely boosted investor confidence in Chainlink, driving its price upward. Sun's statement on social media emphasized the strategic importance of the U.S. as a blockchain hub and highlighted his commitment to supporting innovation in the sector.
Chainlink's price has risen by 16.07% today, reaching a new 52-week high of $28.079360. The current price stands at $27.965118, reflecting the strong market momentum generated by these recent investments.