- Eric Trump comment caused a small price jump, but no major impact.
- ETH dropped after Donald Trump’s tariff news but rebounded 35% soon after Eric Trump’s post.
- Their platform, WLF, shifted $307M in assets and made new ETH investments.
Eric Trump’s Comment on Bitcoin and Ethereum
Eric Trump recently shared his thoughts on Bitcoin, posting on X, “Feels like a great time to enter #BTC!” This led to a brief price jump, pushing Bitcoin above $98,000 before it settled at around $97,650. The price movement was minimal, reflecting only a 0.4% hourly gain.
This reaction was quite different from what happened when he commented on Ethereum earlier. On Feb. 1, Ethereum was already under pressure after Donald Trump’s tariff announcement triggered a market-wide drop. By Feb. 3, Ethereum had fallen 37% from its Jan. 31 high, marking one of its steepest declines in recent history.
However, within 18 hours of reaching its lowest point, Ethereum rebounded over 35%, jumping from around $2,300 to over $2,900.
Crypto Moves by the Trump Family
Many traders took note of this recovery, especially since it happened around the same time Eric Trump tweeted, “It’s a great time to add $ETH.” His original post also included, “You can thank me later,” but he later edited it to remove those words.
Ethereum had already started recovering before his post, partly due to Donald Trump temporarily halting tariffs on Canada and Mexico. After the tweet, ETH continued to climb, reaching $2,913 before slightly declining to around $2,806. While there is no clear evidence that his tweet directly influenced the price, some traders are now watching his market comments more closely.
The Trump family’s crypto involvement has also been gaining attention. On Feb. 3, World Liberty Financial (WLF), their crypto platform, transferred over $307 million worth of assets to Coinbase’s custody platform. The company also converted nearly 20,000 Lido Staked Ether (stETH) into regular Ether and spent $5 million worth of USDC to buy 1,826 ETH at $2,738.
Some analysts believe these funds might be used to support WLF’s “Earn and Borrow” lending protocol, which is not fully operational yet. Meanwhile, the Ethereum Foundation has been making moves to support developers, setting aside 50,000 ETH for staking rewards.
Ethereum core developer Eric Conner suggested that these rewards could cover most of the foundation’s internal costs while helping to reduce selling pressure. In addition, a new marketing firm, Etherealize, launched on Jan. 22 to promote Ethereum’s potential to institutional investors.
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