On a remarkable note, the price of Ethereum (ETH) has taken a brutal 53% hit since Eric Trump’s glowing endorsement in February 2025. All those who took his advice at the time are in significant loss as ETH has dropped from $3,400 to $1,550 at the time of writing.
Eric Trump, son of U.S. President Donald Trump, took to X on February 3, 2025, to share his bullish outlook on Ethereum with posting, “In my opinion, it’s great to add $ETH. You can thank me later.”
The endorsement initially sparked optimism, with ETH surging 25% within 24 hours but the rally was short-lived as just a day prior to Eric’s post, President Trump’s announcement of impending tariffs on goods from Canada, Mexico, and China sent shockwaves through global financial markets, including cryptocurrencies.
As ETH price has taken another huge wick on the recent tariff war, Eric’s post is going viral on X with many sarcastically criticizing him for the take.
Chris Bakke, a celebrated tech investor and entrepreneur, notes that a $100,000 investment at the time of Eric’s post would now be worth just $46,782—a staggering 53% loss. “If you invested $100,000 in ETH at the time of this post you’d have $46,782 and be divorced by now,” Bakke quipped, highlighting not only the financial toll but also the personal strain such losses might cause.
The Trump family’s involvement in the crypto space has also come under scrutiny amid ETH’s decline. A recent report revealed that the Trump family had taken majority control of World Liberty Financial, a so-called decentralized crypto venture that raised over $550 million. The family reportedly secured $400 million in fees, leaving just 5% of the funds to develop the platform – a move criticized by industry experts as favoring insiders.
The venture World Liberty Fi – backed by prominent figures like Tron founder and crypto entrepreneur Justin Sun – has drawn attention from the U.S. Securities and Exchange Commission (SEC), further eroding investor confidence in Trump-related crypto endeavors.
Also read: This trader lost $106 million as ETH price Crashes to $165
