A Donald Trump-linked crypto wallet has deployed $10M USDC to acquire Chainlink (LINK), Ethereum (ETH), and Aave – could another coin be next?
As 2024 marks the era of adoption, many anticipate the US Government will begin building a strategic national Bitcoin reserve in the wake of Donald Trump’s landmark victory in November.
But it appears that the incoming President-elect’s interest in crypto doesn’t stop at the US Treasury.
Close family members launched the famous World Liberty Financial presale, and now a Trump wallet is apeing huge amounts of leading altcoins.
Trump Crypto Wallet Apes $10M in Chainlink (LINK) and Aave Crypto
On-chain sleuths from LookOnChain, monitoring crypto wallets allegedly associated with the Trump family’s World Liberty Financial DeFi project, observed substantial transactions made by a WLFI address on December 11.
So much for Dollar-Cost Averaging; over $12M in USDC was suddenly deployed in a wild buying spree that seemingly represented major value investments in key high-cap altcoins.
Of the purchases, 83.3% of the USDC spent went on stacking 2,631 ETH (bought at a market value of $3,801).
Additional allocations saw 8.33% spent on 41,335 LINK with a value of $1 (this Chainlink buy works out at a market price of $24.2) and 8.33% spent on 3,357 AAVE crypto with a value of $1M (bought at $297.8).
The purchases were made using a multi-signature wallet, which opens the door to conjecture about whether the LINK and Aave crypto investments represent a decision by the Trump family office (involving multiple members of the Trump family) or whether it was made by a professional team in the Trump family’s employ.
While the incoming President-elect has made his pro-crypto positions clear, the level of his personal involvement in cryptocurrency remains unknown. Much of his knowledge and interest reportedly stems from his sons Barron and Eric.
It’s also notable that these purchases were made on the same day that Eric Trump visited Bitcoin MENA in Abu Dhabi, an event that has thrown hype behind promising cryptocurrencies like Chainlink – which announced a move to the UAE, and other rapidly growing projects in the space like Crypto All-Stars.
New Meme Coin Staking DeFi Protocol Crypto All-Stars Launched in 7-Days After Explosive $13M Presale
Smart money investors are anticipating the upcoming launch of a new DeFi protocol, Crypto All-Stars (STARS) in just 7-days time as the project’s successful $13M presale winds towards an end.
Only limited time remains, with just a week left for early investors to claim their slice of the pie pre-DEX launch in what could be the easiest 10X play this December.
Crypto All-Stars is on a mission to solve a major problem for retail investors in the space – the lack of passive earning offered by ERC-20, SOL, and BASE meme coins while traders hodl.
The genius developers behind this project have solved this by introducing Meme Vaults, which enable retail investors to stake their meme coins to generate a passive high APY return.
This not only enables investors to double down on their investments effectively but also helps motivate healthy holding behavior – acting to dampen the impact of ‘jeeting’ behavior in the market and helping to build solid project communities with strong gold banks.
Analysts predict that Crypto All-Stars’ omnichain DeFi offering will unlock substantial growth in the market.
Many meme coin projects are expected to form partnerships with the platform in the coming months.
Additionally, an exciting 190% APY staking offer is already available for holders of popular tokens such as Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and Bonk.
Investors can purchase $STARS on the website with ETH, USDT, BNB, or bank card.
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