04.02.2025 15:23
Eric Trump, the son of U.S. President Donald Trump, continues to make statements regarding cryptocurrencies. Eric Trump announced that it is an ideal time to buy Ethereum. With the suspension of customs duties, Ether reached $2,913, while the Trump family made a significant crypto transfer.
Eric Trump has given the green light to his followers regarding Ethereum investment. After U.S. President Donald Trump's decision on tariffs, the price of Ether surpassed $2,900, while Eric Trump emphasized that it is the right time to buy cryptocurrency. This move by the Trump family has caused significant fluctuations in the market.
The Trump Family's Crypto Moves Continue: Ethereum on the Rise
Ethereum (ETH), one of the leading assets in the cryptocurrency market, has recently become a topic of interest for the Trump family. Eric Trump, the son of former U.S. President Donald Trump, made a notable statement about Ethereum investment on the social media platform X. With 5.4 million followers, Eric Trump indicated in his post that it is the right time to purchase ETH. However, it was later observed that he removed part of his post after making an edit.
The markets experienced fluctuations due to U.S. President Donald Trump's tariff decisions regarding Mexico and Canada. The value of Ethereum first exceeded $2,900, reaching a significant level. However, following the tax decisions, it experienced a sharp decline, dropping to $2,368 with a 16% loss within an hour. After temporary decisions made during discussions with Canada and Mexico, Ethereum entered a recovery process, rising to the $2,700 level and reaching $2,913 before Eric Trump's announcement.
Additionally, according to a report by blockchain data analysis company Spot On Chain, the crypto platform World Liberty Financial, linked to the Trump family, took a significant step on February 3. The platform transferred assets worth $307.41 million to Coinbase custody services. According to the report, the company then converted approximately 20,000 Lido Staked Ether into cash and purchased 1,826 Ether at a price of $2,738 using 5 million USD Coin. Spot On Chain suggested that these transactions were made to establish the infrastructure for the platform's upcoming "Earn and Borrow" lending protocol.