Chainlink (LINK) Price: Approaches $27 Following WLFI’s Massive Buy Order

TLDR

• WLFI (Trump-associated venture) purchased 220,000 LINK tokens worth $5.63 million in just 15 minutes, along with significant investments in AAVE and TRON
• LINK price surged 40% reaching $26.85, with market cap approaching $17 billion after breaking previous resistance level of $22.87
• Technical analysis suggests potential target of $37 based on cup and handle pattern formation
• Charles Hoskinson hints at potential Cardano-Chainlink partnership, emphasizing focus on integrations
• Market experts note large withdrawal of 770,000 LINK tokens from exchanges, suggesting investor confidence

World Liberty Financial (WLFI), the cryptocurrency venture associated with former President Donald Trump, has completed a major acquisition of Chainlink (LINK) tokens, leading to a substantial price increase in the digital asset.

In a rapid series of transactions spanning just 15 minutes, WLFI purchased 220,000 LINK tokens, representing an investment of $5.63 million. The purchase was executed alongside other notable acquisitions, including 13,000 AAVE tokens worth $4.41 million and 37.267 million TRON tokens valued at $8.86 million.

The price impact was immediate and notable, with LINK experiencing a 40% surge that pushed the token’s value to $26.85. This movement has elevated Chainlink’s market capitalization to nearly $17 billion, marking a 30% increase over the past seven days according to data from Coingecko.

Technical analysts have observed that LINK’s breakthrough above the $22.87 resistance level suggests a potential shift toward bullish market conditions. The emergence of a cup and handle pattern has led some analysts to project a target price of $37.

WLFI’s investment in Chainlink adds to their growing cryptocurrency portfolio, which includes substantial holdings in various digital assets. Data from blockchain analytics platform Nansen reveals that WLFI’s total portfolio value exceeds $322 million, with major positions in Ethereum, USD Coin, Tether, and Wrapped Bitcoin.

The timing of WLFI’s purchase coincides with broader market developments, including rumors of a potential partnership between Chainlink and Cardano. Cardano founder Charles Hoskinson has publicly acknowledged plans for integration discussions with Chainlink, stating in a social media post that making Cardano “a peninsula, not an island” is a key priority.

Now that we have governance moving along really well, this year I'm going to focus deeply on three big themes for Cardano:

1) Bitcoin DeFi on Cardano (Market is 4 times the size of Ethereum and Solana combined)
2) 24/7 work on scalability, including Leios
3) Making Cardano a…

— Charles Hoskinson (@IOHK_Charles) January 18, 2025

Market data indicates strong institutional interest in LINK, with blockchain analytics showing a withdrawal of over 770,000 tokens from cryptocurrency exchanges on Tuesday. This movement of tokens off exchanges often suggests long-term holding intentions among investors.

Chainlink Price on CoinGecko

The purchase was officially announced by WLFI on social media platform X (formerly Twitter), where the company stated that the acquisitions were made to commemorate Donald J. Trump’s anticipated inauguration as the 47th President of the United States.

Current market metrics show LINK trading above key moving averages, with volume indicators supporting the recent price action. The token’s Relative Strength Index (RSI) has reached 67 on monthly timeframes, approaching the 70 level that has historically preceded major price movements.

Despite the recent gains, LINK currently trades approximately 49% below its all-time high of $52.70, which was established during the 2021 cryptocurrency bull market. This gap between current prices and historical peaks has led some analysts to suggest potential room for further upward movement.

Trading expert Michael van de Poppe has noted that LINK’s recent 30% correction follows a pattern observed more than 15 times in previous market cycles. Van de Poppe projects potential movement toward $35 as market conditions stabilize.

Market analyst Satoshi Flipper has identified a falling wedge pattern in LINK’s price action, suggesting technical support for continued upward momentum. Flipper emphasized Chainlink’s fundamental role in the cryptocurrency ecosystem as a factor supporting potential price appreciation.

WLFI’s portfolio now includes over $6.6 million worth of LINK tokens, representing a strategic position in the oracle network’s native asset. The company’s broader cryptocurrency holdings demonstrate a diversified approach to digital asset investment.

The market response to WLFI’s purchase has extended beyond price action, with trading volumes increasing across major cryptocurrency exchanges. Data shows sustained buying pressure in the hours following the initial acquisition.

The latest blockchain data indicates continued accumulation by large holders, with several wallet addresses increasing their LINK positions following WLFI’s purchase. These movements suggest broader market confidence in the asset’s near-term prospects.

Recent transaction data shows that WLFI completed their LINK acquisition through multiple trades, potentially minimizing market impact while building their position. The strategy appears to have been executed with attention to market dynamics and liquidity conditions.

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