Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/OhWiseWizard on 2024-12-12 23:53:28.

It seems World Liberty Financial (the Trump backed crypto dex) just bought ANOTHER $1 million in LINK tokens now holding 78,387 LINK. They seem to be buying ETH, LINK, and AAVE. For reference, yesterday they purchased around $1M of each.

As I understand they're using Chainlink's CCIP for their cannonical bridge and interoperability, and the dex is like a white labeled version of AAVE or something... but why would they be buying the tokens? Maybe they need large sums of LINK and AAVE to bootstrap the platform? ETH for some sort of gas fee promotion or something? Or are they just "inside trading" on assets they know something more about than the general public?