This strategic move was accompanied by additional acquisitions, including 13,000 Aave (AAVE) tokens valued at $4.41 million and 37.267 million TRON (TRX) tokens worth $8.86 million.<\/p>\n
The buying pressure generated by these transactions contributed to a notable 44% uptrend in LINK\u2019s price over a two-week period, with a more immediate increase of over 11% within just 24 hours.\u00a0<\/p>\n
But despite this bullish momentum, LINK\u2019s price remains approximately 49% below its all-time high of $52.70, achieved during the 2021 bull run as it is currently hovering little over above the $26 mark.<\/p>\n
In a social media post<\/a> on X (formerly Twitter), WLFI detailed these acquisitions, stating that they were made to commemorate the inauguration of Donald J. Trump as the 47th President of the United States.\u00a0<\/p>\n The post highlighted additional purchases, including $47 million in Ethereum (ETH), $47 million in wrapped Bitcoin (wBTC), and similar amounts in AAVE, LINK, TRX, and Ethena (ENA).<\/p>\n The involvement of the Trump family in the crypto space has sparked excitement among bullish LINK investors, fostering renewed confidence in the token’s prospects.\u00a0<\/p>\n Analysts like Michael van de Poppe have weighed in, noting <\/a>that LINK has recently experienced a standard 30% correction\u2014a pattern seen more than 15 times in previous cycles.\u00a0Despite this, van de Poppe anticipates an upward price movement for Chainlink toward the $35 mark as market conditions stabilize.<\/p>\n Adding to the positive sentiment, market expert Ali Martinez reported <\/a>a significant withdrawal of over 770,000 LINK tokens from crypto exchanges on Tuesday, suggesting that investors are increasingly confident in LINK\u2019s potential and a possible continuation of the uptrend observed over the past month.<\/p>\n Satoshi Flipper also chimed in on LINK\u2019s price action, expressing <\/a>optimism about the token’s adoption and future performance. He noted the emergence of a falling wedge pattern that could propel LINK toward its all-time high, suggesting that a price doubling from current levels is feasible.\u00a0<\/p>\n Flipper emphasized the importance of Chainlink in the broader cryptocurrency ecosystem, arguing that dismissing the potential for further gains before reaching new highs would be a mistake.<\/p>\nHow Chainlink Could Double In Value<\/h2>\n