Chainlink’s LINK Soars to $30 as Trump-Backed World Liberty Financial Expands Holdings
Chainlink’s LINK token surged close to $30 during Friday’s early trading in Asia, marking a remarkable price resurgence not seen since 2021. The rally coincided with a record-breaking rise in open interest (OI) on LINK futures, surpassing $860 million, signaling strong investor enthusiasm and heightened market activity.
World Liberty Financial (WLF), a blockchain-focused platform backed by Donald Trump and his family, made headlines with another substantial investment in LINK. On Thursday, the platform purchased $1 million worth of the token, bringing its total LINK holdings to $2 million. WLF also boosted its Aave (AAVE) investments by acquiring $246,000 worth of the token, pushing its total AAVE holdings to $1.2 million.
LINK now stands as the fourth-largest holding in WLF’s portfolio, following bitcoin (BTC), ether (ETH), and tether (USDT). The investments underscore the platform’s reliance on Chainlink’s services, which provide key infrastructure for blockchain interoperability and real-time data integration.
Chainlink enables smart contracts to connect with off-chain resources, offering essential tools like pricing feeds and cross-chain communication. This critical role has contributed to growing demand for LINK tokens, directly tied to the adoption of Chainlink’s oracle solutions.
The market has responded positively to WLF’s bullish stance, with LINK gaining 22% over the past week and climbing more than 130% since WLF began accumulating the token. Investor sentiment remains strong, fueled by the platform’s endorsement and the expanding utility of Chainlink’s technology.
Additionally, the rise in LINK’s futures OI — representing open, unsettled contracts — suggests traders are betting on continued upward momentum. This combination of increased demand, strategic investments, and technical advancements positions LINK as a key player in the evolving crypto landscape.
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