5 hours ago
Investors who bought ETH erstwhile Eric Trump made his Feb. 4 station are sitting connected an unrealized summation of 30% contempt a drawdown earlier this year.
US President Donald Trump’s lad Eric Trump took to X connected Monday to gloat arsenic Ether surpassed $3,800 amid a month-long rally.
“How americium I doing present @TedPillows?” Trump wrote connected Monday, replying to a three-month-old X station from Ted Pillows, a spouse astatine crypto speech OKX who mocked Trump successful April aft the terms of ETH fell successful February and March.
“Up 35% successful 5 months, Pal. Embrace volatility,” helium told different idiosyncratic who besides mocked him implicit Ether’s marketplace dip earlier this year.
“If you were astute you would person besides bought the dips (as I said to do).”
Trump’s station shows a minion, a fashionable quality from animation films, dropping the mic arsenic helium retweets his Feb. 4 station telling radical to bargain ETH. Source: Eric Trump.Eric Trump has a point
If an capitalist bought ETH erstwhile Trump announced his enactment for the coin, they would beryllium sitting connected an unrealized nett of astir 30%, arsenic ETH is presently trading astatine $3,732, up from astir $2,877 connected Feb. 4, according to CoinGecko.
However, the aforesaid investors would person besides seen a insubstantial nonaccomplishment if they had done so, arsenic ETH fell astir 49% implicit 4 weeks aft Trump’s post. Ether is presently trading up 12% year-to-date.
On Sunday, expert Gert van Lagen pointed retired a striking resemblance betwixt ETH’s existent operation and the Dow Jones (DJIA) operation from 1980.
Lagen predicted that ETH could deed $8,000 successful aboriginal 2026 arsenic it enters the last signifier of its semipermanent bullish pattern.
Related: Bitcoin gets $125K people arsenic trader sees ‘big move’ next, ETH hits $3,750
Trump family’s crypto ties
President Trump and his household person ties to aggregate crypto-related ventures that person reportedly resulted successful his idiosyncratic luck increasing by astatine slightest $620 million successful the span of a fewer months.
On Monday, Trump Media and Technology Group, the institution that owns Trump’s Truth Social platform, announced that it holds $2 cardinal worthy of Bitcoin and Bitcoin-related securities. The institution raised $2.5 cardinal arsenic portion of its Bitcoin strategy, and intends to marque further buys depending connected marketplace conditions.
Trump’s sons, Donald Trump Jr. and Eric Trump, are among the founders of American Bitcoin, which raised $220 cardinal from organization investors to bargain Bitcoin for its treasury reserve and to bargain Bitcoin mining equipment, and each 3 of Trump’s sons are co-founders of World Liberty Financial, with Trump himself being the co-founder emeritus.
Magazine: Outrage arsenic $1.8B ‘DGCX’ crypto scam ringleader mocks victims: Asia Express
English (US) 