Did Eric Trump’s Crypto Post End ETH Bullrun? Ethereum USD Dropped Since Trump’s Tweet
Ethereum is suffering, down 53% since February, as the trading market spirals. The blame is directed at Eric Trump’s crypto post from March.
Eric Trump’s misguided “buy ETH now” suggestion from earlier in 2025 has not aged well. Criticism from traders and doubters, including Peter Schiff, is pouring in as the trading market struggles.
Why The Eric Trump Crypto Post Is Under Fire
ETH has dropped 13.8% in the past week, breaching the $1,500 threshold and initiating a widespread alternative coin plunge. Once lauded as the prime L1 option for institutions, the token has been in decline since Eric Trump’s poorly timed “add $ETH” comment at $3,400. It now stands at $1,550, pulling investors down with it.
This calamity is compounded by the turmoil of Trump’s trade policies.
JUST IN: Stock crypto market rebounds as over 50 nations, including Japan and the EU, seek negotiations with the United States regarding tariffs.
The Trump factor at play. pic.twitter.com/lXzqEepZtH
— Libs of TikTok (@libsoftiktok) April 7, 2025
On February 3, 2025, Eric Trump took to Twitter (now X) to express his positive outlook on Ethereum, declaring, “It’s great to add $ETH. You can thank me later.” Initially, the announcement provided Ethereum with a swift 25% jump, but the surge quickly evaporated amid rising economic anxieties.
Critics have since analyzed his remarks, suggesting they were at best insensitive and at worst manipulative. Further fueling doubts, World Liberty Financial (WLFI), a firm led by Eric Trump, offloaded $175 million worth of Ethereum shortly after his tweet.
Peter Schiff, a well-known gold fanatic and recurrent Trump family critic, ridiculed Eric’s followers, stating, “It’s best not to take any investment tips from the Trumps.”
Tech investor Chris Bakke emphasized this sentiment with a sharp comment, “If you had invested $100,000 in Ethereum at the time of this post, you’d now have $46,782 and be divorced by now.”
The Influence of Tariff Anxiety on Crypto
Ethereum’s downturn can be attributed to external factors. Just hours before Eric Trump’s ill-fated tweet, his father’s administration ignited economic turmoil with tariff threats that unsettled markets. High-risk assets like crypto asset had little chance in the ensuing chaos.
This isn’t the first instance where tokens linked to Trump have caused crypto holder losses. The pump-and-dump fiasco involving TRUMP and MELANIA coins remains fresh, fostering skepticism of anything associated with the family.
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Insights From the Eric Trump Crypto Post
Eric Trump’s promotion of Ethereum has turned into a lesson in the pitfalls of exaggerated investment advice. Shifting political climates and internal disruptions can quickly alter public sentiment, and Ethereum’s nearly 70% tumble from its $4,878 high illustrates this stark reality.
The aftermath leaves investors battered, with hopes for a recovery that seems elusive. The fate of Ethereum now hinges on the resolution of this tariff conflict and the potential resurgence of confidence in decentralized technology.
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Key Takeaways
- Ethereum is suffering, down 53% since February, as the crypto market collapses around it. The blame is attributed to Eric Trump’s March crypto post.
- Ethereum has decreased by 13.8% over the past week, crossing the $1,500 mark and initiating a wider non-BTC crypto crash.
- Eric Trump’s support for ETH has now become an example of exaggerated investment claims.
The post Did Eric Trump Crypto Post Kill Ethereum Bullrun? ETH USD Tumbled Since Trump Tweet appeared first on 99Bitcoins.
