Ethereum Price has fallen 40% since President Donald Trump’s son Eric Trump promoted the code on social media.
February 4th, he Posted In His 5.7 million followers had been “a great time” to buy Ethereum. At the time of his tweet, Ethereum had traded at $2,735, recovering from a massive decline that hit a low of $2,000 that day.
In my opinion, it’s the best time to add $eth.
– Eric Trump (@erictrump) February 3, 2025
However, the assets have been struggling ever since, and are now trading at $1,869. Over the past 24 hours, Ethereum has recorded a mere 2.49% increase, but it has declined by 9.24% over the week.
Community repulsion
The sharp decline following Trump’s statement led to mixed reactions from the crypto community. 1 community member Discussed He is not a market expert and that price movements depend on fundamentals rather than individual approvals.
Another It was pointed out The situation illustrates how markets often respond strongly to prominent statements before they stabilize based on actual demand and utility. Meanwhile, critics resurfaced Trump’s tweets, blame him to use his influence irresponsibly.
Ethereum Holdings by World Liberty Financial
It is important to note that Eric Trump’s Ethereum comments raise questions due to his relationship with World Liberty Financial (WLF), a Donald Trump-esque crypto venture with outstanding Ethereum Holdings. Like The latest data, WLF, holds 7.933k ETH, worth around $14.84 million at current market prices.
Consistent additions to their portfolio of Ethereum may help the Bulls during price increases. However, WLF’s involvement in the crypto sector has encouraged speculation about potential conflicts of interest, particularly given its governance structure.
For context, Reuters proposed Trump’s family in January I managed WLFIpreviously raised $550 million by selling WLFI Governance Tokens. These tokens give holders the right to vote for project instructions, but cannot be traded.
largely of The token sales came after winning the election for Donald Trump in November. Despite its well-known funding, WLFI has not yet launched a public platform, leading to increased scrutiny about long-term planning and operational transparency.
