Ethereum Soars After Eric Trump’s Statement
On February 3, Eric Trump, son of U.S. President Donald Trump, made a post on X that sent Ethereum’s price soaring. “In my opinion, it’s a great time to add $ETH,” he wrote.
Following his statement, ETH jumped from around $2,750 to $2,920 in less than an hour. However, just a few hours later, the price dipped back to $2,700.
This surge came after the crypto market took a hit, with investors panicking over Donald Trump’s newly announced tariffs on Mexico, Canada, and China.
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Meanwhile, the ETH/BTC ratio fell below 0.025, marking its lowest level since January 2021. Eric Trump’s remarks may have provided a much-needed confidence boost for Ethereum holders.
Interestingly, just before his post, World Liberty Financial, a project linked to the Trump family, addressed concerns about large fund movements to a Coinbase Prime address.
The project clarified that it wasn’t selling tokens but merely reallocating them within its treasury for routine business operations.
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