Chainlink (LINK) has seen a significant increase in price, reaching its highest level since December 18. This surge in price is attributed to Donald Trump's World Liberty Financial buying more LINK tokens and a decrease in exchange balances. World Liberty Financial purchased an additional $4.6 million worth of LINK tokens, bringing its total ownership to over $6.6 million. The company also holds Ethereum tokens worth $179 million and has a portfolio value exceeding $322 million. The Trump administration's impact on these tokens is expected to be positive, as regulatory developments will be overseen by his administration. Chainlink price also saw a boost after Cardano founder Charles Hoskinson hinted at a potential collaboration, which would involve industries like decentralized finance and Real World Asset tokenization. Additionally, there are indications of more LINK tokens leaving exchanges, with exchange balances reaching their lowest levels since December 20. Technical analysis suggests that further gains can be expected, with a projected target of $37 based on the cup and handle pattern.
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