The price of ether (ETH) is down 39% since Eric Trump tweeted two months in the past, “In my opinion, it’s a great time to add $ETH. You can thank me later.”
As of Eric’s February 3 tweet — that he edited to remove the “You can thank me later” half — the price of ETH was round $2,877. As of publication time, ETH is buying and selling under $1,760 after declining 39%.
Although nobody ought to thank him, per his edited want, he nonetheless positively advisable the digital asset when it was positively not “a great time to add.”
Learn extra: Eric Trump removes ‘thank me later’ from ETH promo
Eric has endorsed a number of digital belongings — though none as prominently as his ETH. He has additionally praised bitcoin (BTC), World Liberty Monetary (WLFI), Ripple (XRP), Solana (SOL), Cardano (ADA), WLFI’s upcoming stablecoin (USD1), and Donald Trump’s personal Solana memecoin, TRUMP.
The costs of all of these belongings — besides WLFI and USD1, that are unlisted for buying and selling — are down since Eric’s suggestion.
Dragged down by tariffs
His father is partially in charge for the decline, though recommending altcoin investments within the first place because the son of the president is as bewildering as it’s reckless.
Donald Trump’s tariff-focused commerce insurance policies have cratered markets globally and brought crypto costs down with them. Certainly, at present alone, the S&P 500 is down about 4%.
Since Trump’s inauguration on January 20, the index has misplaced 11% of its worth.
In all, crypto markets have misplaced roughly $1 trillion in market cap since Eric turned a member of the nation’s First Household.
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