A little more than one month after Eric Trump thought the time was ripe to buy Ethereum (CRYPTO: ETH), the second-largest cryptocurrency has plummeted 32%.
What happened: Eric Trump, Executive Vice President of The Trump Organization, has taken a bullish stance since his father, Donald Trump, assumed the U.S. presidency.
In an X post from Feb. 4, Trump suggested, “It’s a great time to add ETH,” garnering eyeballs from the cryptocurrency community. At the time, ETH traded around $2,735.
However, five weeks after the recommendation, the second-largest cryptocurrency has fallen to …
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