President-elect Donald Trump is "chief crypto advocate" of the project. Two of his sons, Eric and Donald Trump Jr., are "web3 ambassadors," while Barron holds the title of "DeFi visionary."

Data shows the project purchased $10 million in ether (ETH), and $1 million each in aave (AAVE) and Chainlink’s LINK tokens early Thursday. ETH prices surged 7% in Asian morning hours after the purchases, while AAVE and LINK prices surged 30% on the bullish sentiment.

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