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On a singular note, the terms of Ethereum (ETH) has taken a brutal 53% deed since Eric Trump’s glowing endorsement successful February 2025. All those who took his proposal astatine the clip are successful important nonaccomplishment arsenic ETH has dropped from $3,400 to $1,550 astatine the clip of writing.
Eric Trump, lad of U.S. President Donald Trump, took to X connected February 3, 2025, to stock his bullish outlook connected Ethereum with posting, “In my opinion, it’s large to adhd $ETH. You tin convey maine later.”
The endorsement initially sparked optimism, with ETH surging 25% wrong 24 hours but the rally was short-lived arsenic conscionable a time anterior to Eric’s post, President Trump’s announcement of impending tariffs connected goods from Canada, Mexico, and China sent shockwaves done planetary fiscal markets, including cryptocurrencies.
As ETH terms has taken different immense wick connected the caller tariff war, Eric’s station is going viral connected X with galore sarcastically criticizing him for the take.
Chris Bakke, a celebrated tech capitalist and entrepreneur, notes that a $100,000 concern astatine the clip of Eric’s station would present beryllium worthy conscionable $46,782—a staggering 53% loss. “If you invested $100,000 successful ETH astatine the clip of this station you’d person $46,782 and beryllium divorced by now,” Bakke quipped, highlighting not lone the fiscal toll but besides the idiosyncratic strain specified losses mightiness cause.
The Trump family’s engagement successful the crypto abstraction has besides travel nether scrutiny amid ETH’s decline. A caller report revealed that the Trump household had taken bulk power of World Liberty Financial, a alleged decentralized crypto task that raised implicit $550 million. The household reportedly secured $400 cardinal successful fees, leaving conscionable 5% of the funds to make the level – a determination criticized by manufacture experts arsenic favoring insiders.
The task World Liberty Fi – backed by salient figures similar Tron laminitis and crypto entrepreneur Justin Sun – has drawn attraction from the U.S. Securities and Exchange Commission (SEC), further eroding capitalist assurance successful Trump-related crypto endeavors.
Also read: This trader mislaid $106 cardinal arsenic ETH terms Crashes to $165
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