Donald Trump's family's company World Liberty Financial triggered a pump in the Aave (AAVE) cryptocurrency rate and chainlink (LINK).
On December 12, it became known that employees of World Liberty Financial Bought ethereum, aave and chainlink for a total of $12 million, spending 12 million USD Coin (USDC) stablecoins on the coins. Thanks to this, LINK and AAVE took fourth and fifth place, respectively, in terms of the amount of funds invested by the firm in digital assets.
Digital assets stored in World Liberty Financial crypto wallets
Trades made by World Liberty Financial employees triggered a bull run in the Aave and chainlink . AAVE sharply increased in price 32%, and the cost of LINK jumped up by 28%. At the same time, the trading volume of both coins increased significantly, and their rate updated the highs reached in 2021.
AAVE rate pump (left) and LINK
On the daily chart of Aave price changes, the RSI index reached 83 and was in the overbought zone. On the chart chainlink The index is 71 and is barely above the neutral zone. Therefore, buying AAVE now is too risky, because a correction can begin at any moment.
The LINK market, on the contrary, is not overheated yet, and buying cryptocurrency is highly likely to bring impressive profits.
