Chainlink Jumps 33% This Week: Why Trump has LINK Eyeing $40
Entering 2025, there were few cryptocurrencies with the kind of potential that Chainlink had. It was seen as a clear contender to gain the most across the entire industry. Now, that looks closer to being a reality. Indeed, Chainlink has jumped a remarkable 33% this week, as new US President Donald Trump has LINK eyeing a trip to $40.
Prior to this inauguration Monday, Trump’s World Liberty Financial (WLFI) purchased $50 million worth of cryptocurrencies. Indeed, according to blockchain research platform Arkham Intelligence, he purchased $4.7 million worth of LINK. That propelled the asset and has many believing big things are on the horizon.
TRUMP’S WORLD LIBERTY FI BUYING $50M+ OF CRYPTO RIGHT NOWIn the past hour or so, Donald Trump’s project World Liberty Fi has purchased:$4.7M of LINK$4.7M of AAVE$4.7M of TRX$4.7M of ENA3x $4.7M of WBTC4x $4.7M of ETHHow much more will they buy? https://t.co/okD9QwZwy9 pic.twitter.com/XiNH1VFy4c
— Arkham (@arkham) January 20, 2025
Chainlink Bought by Trump’s WLFI: What It Means for LINK
2025 was always set to be a monumental year for the cryptocurrency industry. With Trump emerging victorious in the 2024 election, there were high hopes for what his appointment as commander-in-chief would mean for the asset class. That has already come to fruition, with his US Securities and Exchange Commission (SEC) announcing the birth of a new crypto task force.
With that in mind, few cryptocurrencies created the excitement of Chainlink. The project has already worked with various financial institutions, like JPMorgan and BNY Mellon, on a tokenization project. That looked to continue establishing its presence and opening the door for even more collaborations with firms entering the industry under Trump’s pro-crypto America.
Yet, the returning president has done even more for the crypto specifically. Indeed, Chainlink has jumped more than 333% this week, as Trump has LINK eyeing a surge to $40. The president purchased more than $4.7 million worth of the asset, and it has continued to increase.
The asset jumped another 6.7% Tuesday, according to CoinMarketCap. Moreover, its 21% increase over the last 30 days has LINK firmly situated above the $27 mark. Now, all eyes are on just where the token can go next.
The answer could surprise many. According to the cryptocurrency price prediction platform CoinCodex, it could be set for a massive month. Specifically, they project Chainlink to reach a maximum price above $40 in January.
Indeed, they note that the token could jump another 49% over the next week to hit the figure. Additionally, they expect the token to average a price of $34 in February before hitting a 2025 high the following month. The analysts project the asset to reach a $54 mark in April. That would be up more than 102% from its current price.
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