Eric Trump’s endorsement fuels Ethereum’s surge to $2900, wiping out post-tariff losses

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When Eric Trump Speaks, Ethereum Listens! 🚀💰

Ah, the whimsical world of cryptocurrency, where fortunes are made and lost faster than one can say “bull market.” Ethereum, that ever-elusive digital darling, has recently taken a delightful leap from the depths of despair at $2,300 to a dizzying height of over $2,900 in less than a day. One might say it’s akin to a phoenix rising from the ashes, but with a touch more digital flair and a lot less fire.

This meteoric rise, dear reader, was not merely a stroke of luck but rather a splendidly timed endorsement from none other than Eric Trump himself. Yes, the very same who has graced us with his presence on X, declaring it a “great time to add $ETH.” How charmingly optimistic! One can only wonder if he’s been sipping on the same elixir that fuels the Ethereum network. 🍷

In my opinion, it’s a great time to add $ETH.

— Eric Trump (@EricTrump) February 3, 2025

But let us not forget the backdrop of this financial drama. The Trump family, with their fingers in many pies (or should I say, wallets?), has a vested interest in Ethereum through their latest venture, World Liberty Financial. A DeFi project that, much like a soap opera, has seen its fair share of drama, including a sudden liquidation of its crypto treasury—over 90% of its $363 million holdings vanished into thin air! One can only imagine the gasps echoing through the halls of finance.

As the dust settles, Ethereum finds itself trading at a respectable $2,720, with an intraday high of around $2,900 and a low that would make even the most stoic investor shudder at approximately $2,500. Such is the life of a cryptocurrency, ever the fickle mistress! 💸

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2025-02-04 11:24