Chainlink Skyrockets 40% as Trump’s Venture Bets Big

Chainlink (LINK) soared this week thanks to a headline-grabbing purchase by World Liberty Financial (WLFI), a venture linked to former U.S. President Donald Trump. This swift acquisition underscores growing institutional interest in the digital asset space and raises questions about LINK’s potential to reach higher price milestones.

Rapid Acquisitions Prompt Market Excitement

According to data from Wu Blockchain, WLFI executed a series of rapid-fire transactions on Monday, snapping up 220,000 LINK tokens in about 15 minutes. The total purchase was valued at approximately $5.63 million. In addition, WLFI reportedly acquired 13,000 Aave (AAVE) tokens worth $4.41 million and 37.267 million TRON (TRX) tokens valued at $8.86 million.

While Chainlink’s price has seen steady gains over the past two weeks—surging about 44%—it jumped over 11% within 24 hours following the WLFI buy. The swift nature of these trades suggests a deliberate strategy to capitalize on market conditions and possibly send a bullish signal to the wider crypto community.

Impact on LINK Price

Despite this positive momentum, Chainlink remains about 49% below its all-time high of $52.70, set during the 2021 bull market. Even so, the recent uptick has reinvigorated investors’ hopes that the token may enter another period of accelerated growth.

“A market move like this, especially from a venture tied to a well-known public figure, can have a magnified psychological effect on traders,”

explained one anonymous crypto analyst. Many in the space are watching closely to see if LINK’s rally can push it well above the $26 mark toward higher targets.

Inauguration-Themed Buys

WLFI took to social media platform X to elaborate on its recent acquisitions, stating they were made to commemorate Donald J. Trump’s inauguration as the 47th President of the United States. Alongside Chainlink, WLFI also revealed investments of $47 million each in Ethereum (ETH), wrapped Bitcoin (BTC), AAVE, TRX, and Ethena (ENA).

Such large-scale purchases have unsurprisingly piqued interest among both retail investors and institutional players. Crypto enthusiasts are pointing to the Trump family’s involvement as an additional catalyst that could attract a fresh wave of buyers to Chainlink and other tokens in WLFI’s portfolio.

Analyst Perspectives

Analysts differ on their price predictions but generally see potential for further gains. Michael van de Poppe noted that Chainlink’s recent 30% pullback, while abrupt, mirrors corrections the token has endured more than 15 times in past cycles. He believes the next upswing could carry LINK closer to $35 as overall market sentiment improves.

Meanwhile, Ali Martinez highlighted a significant withdrawal of roughly 770,000 LINK tokens from crypto exchanges on Tuesday, suggesting investors may be increasingly confident in the asset’s medium- to long-term trajectory. Reduced exchange supply often correlates with a bullish outlook, as it indicates a willingness among holders to keep tokens off the market.

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Satoshi Flipper, another prominent market watcher, pointed to a falling wedge formation—historically a bullish technical pattern—that could help push LINK toward its previous all-time high.

“I wouldn’t underestimate Chainlink’s capacity to reclaim and surpass old highs,” he remarked. “It’s an essential piece of the crypto ecosystem, and ignoring its growth potential now would be premature.”

Could Chainlink Reach New Highs?

For some observers, the real intrigue lies in whether Chainlink could surge beyond its record price. Aixbt noted that LINK’s monthly Relative Strength Index (RSI) hovers around 67—dangerously close to the 70 benchmarks that once triggered a 375% rally, sending prices from $3.50 to $20. If LINK were to repeat a similar pattern today, it might climb to around $124.80, nearly tripling its current peak.

Of course, such lofty projections hinge on numerous variables, including macroeconomic conditions, regulatory developments, and continued adoption of Chainlink’s oracle technology within decentralized finance. Still, the recent WLFI purchases have put the token back on the radar for many traders who see its potential to deliver substantial returns in the coming months.

Conclusion:

As things stand, Chainlink’s 40% price surge reflects a renewed wave of optimism spurred by significant institutional buys tied to high-profile figures. Whether the token can maintain this momentum and approach $35—or surpass previous highs—remains to be seen. However, the bullish sentiment among investors and analysts alike suggests that, for the time being, LINK remains a hot topic in the crypto sphere.

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Frequently Asked Questions (FAQs)

1. What triggered Chainlink’s recent 40% price surge?
WLFI’s high-profile token purchase, linked to Donald Trump, significantly boosted market enthusiasm.

2. Why is WLFI’s acquisition of LINK generating so much buzz?
Their rapid-fire purchase of 220,000 LINK tokens, worth $5.63 million, signals growing institutional interest.

3. Is Chainlink still far from its all-time high?
Yes. Despite the upswing, it remains about 49% below its 2021 record of $52.70.

4. How does Trump’s involvement affect market sentiment?
Trump’s association magnifies the psychological impact, drawing extra attention from traders and investors.

5. Did WLFI invest in other cryptocurrencies besides Chainlink?
Alongside LINK, WLFI also acquired Aave, TRON, Ethereum, wrapped Bitcoin, and Ethena.

6. What are analysts saying about Chainlink’s future performance?
Some predict a climb toward $35 or higher, while others note a 30% correction is normal for LINK’s past cycles.