Eric Trump advises to buy Ethereum
Eric Trump's advice
Eric Trump, son of former U.S. President Donald Trump, has advised people to buy Ethereum (ETH) following a recent sharp price drop. He believes this is a good time to add ETH to one's investment portfolio. This advice comes after his family company, World Liberty Financial (WLFI), increased its stake in ETH. This occurred amid a significant decline in the cryptocurrency market due to Donald Trump's tariff announcement. Some sources suggest that this announcement caused a substantial drop in the market, with ETH prices falling below $2,400 before partially recovering to $2,720.
Activities of World Liberty Financial
World Liberty Financial (WLFI), the Trump family company, made large transactions on February 3, transferring $307.41 million in assets (ETH, WBTC) to Coinbase Prime. The company also withdrew 19,423 stETH from staking and purchased an additional 1,826 ETH with $5 million USDC at a price of $2,738. WLFI asserts that this is merely routine portfolio management, not preparation for selling tokens. However, following these transactions, the total value of cryptocurrency assets in the WLFI wallet decreased by 90%, from $363 million to $33 million. These moves by WLFI have attracted the attention of the community and increased interest in Eric Trump's advice. Additionally, WLFI's large purchase of ETH is viewed as a positive signal for the market.
Note: The above information is for reference only and should not be considered investment advice. Investors should conduct thorough research before making any decisions regarding their assets.
Eric Trump's advice
Eric Trump, son of former U.S. President Donald Trump, has advised people to buy Ethereum (ETH) following a recent sharp price drop. He believes this is a good time to add ETH to one's investment portfolio. This advice comes after his family company, World Liberty Financial (WLFI), increased its stake in ETH. This occurred amid a significant decline in the cryptocurrency market due to Donald Trump's tariff announcement. Some sources suggest that this announcement caused a substantial drop in the market, with ETH prices falling below $2,400 before partially recovering to $2,720.
Activities of World Liberty Financial
World Liberty Financial (WLFI), the Trump family company, made large transactions on February 3, transferring $307.41 million in assets (ETH, WBTC) to Coinbase Prime. The company also withdrew 19,423 stETH from staking and purchased an additional 1,826 ETH with $5 million USDC at a price of $2,738. WLFI asserts that this is merely routine portfolio management, not preparation for selling tokens. However, following these transactions, the total value of cryptocurrency assets in the WLFI wallet decreased by 90%, from $363 million to $33 million. These moves by WLFI have attracted the attention of the community and increased interest in Eric Trump's advice. Additionally, WLFI's large purchase of ETH is viewed as a positive signal for the market.
Note: The above information is for reference only and should not be considered investment advice. Investors should conduct thorough research before making any decisions regarding their assets.
