In a curious twist of fate, the cryptocurrency realm found itself ablaze with excitement this past Monday, as the price of Chainlink (LINK) ascended by a staggering 40%. This unexpected surge was ignited by none other than World Liberty Financial (WLFI), a crypto venture that has the distinct honor of being associated with the illustrious President Donald Trump. Ah, the sweet scent of capitalism!
In a flurry of transactions that could make even the most seasoned trader dizzy, WLFI managed to procure a jaw-dropping 220,000 LINK tokens in a mere 15 minutes, shelling out a princely sum of $5.63 million. According to the ever-reliable Chinese reporter Wu Blockchain, this was merely the tip of the iceberg, as the venture also indulged in 13,000 Aave (AAVE) tokens and a staggering 37.267 million TRON (TRX) tokens. Talk about a shopping spree!
As the buying frenzy unfolded, LINK’s price experienced a delightful 44% uptrend over a fortnight, with a more immediate spike of over 11% in just 24 hours. Yet, despite this bullish momentum, LINK still languishes approximately 49% below its all-time high of $52.70, achieved during the euphoric bull run of 2021. Currently, it hovers just above the $26 mark, like a bird unsure of its next flight.
In a rather theatrical social media post on X (formerly Twitter), WLFI proclaimed that these acquisitions were made to celebrate the inauguration of Donald J. Trump as the 47th President of the United States. Because nothing says “celebration” quite like a crypto buying spree, right?
But wait, there’s more! The Trump family’s foray into the crypto space has ignited a spark of enthusiasm among bullish LINK investors, who are now brimming with renewed confidence in the token’s future. Analysts, such as the ever-optimistic Michael van de Poppe, have noted that LINK recently underwent a standard 30% correction—a pattern that has graced the market more than 15 times in previous cycles. He predicts a delightful ascent toward the $35 mark as market conditions stabilize. Fingers crossed!
Adding to the positive vibes, market expert Ali Martinez reported a significant withdrawal of over 770,000 LINK tokens from crypto exchanges on Tuesday. This suggests that investors are increasingly confident in LINK’s potential, as if they were placing their bets on a winning horse at the racetrack. 🐎
Even Satoshi Flipper joined the chorus of optimism, expressing hope for LINK’s adoption and future performance. He noted the emergence of a falling wedge pattern that could catapult LINK toward its all-time high, suggesting that a price doubling from current levels is not merely a pipe dream. After all, who wouldn’t want to see their investments soar?
Interestingly, Aixbt recently pointed out that LINK’s monthly Relative Strength Index (RSI) is currently at 67, inching ever closer to the critical 70 level that previously triggered a dramatic 375% price surge. If history were to repeat itself, we might just witness LINK soaring toward the $124.80 mark, nearly tripling its current peak. Now, wouldn’t that be a sight to behold?
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2025-01-22 09:58