Eric Trump, son of former U.S. President Donald Trump, is highlighting the success of his earlier endorsement of Ethereum
Eric shared these thoughts on the social media platform X, responding to Ted Pillows, a high-ranking executive at the crypto trading platform OKX
$5.62B
. Pillows had playfully mocked Eric in April when Ethereum’s value decreased. Eric’s comeback was simply: “How am I doing now, Ted Pillows?”
Responding to another user in a separate post, he stated, “It’s up 35% in 5 months, Pal. Welcome the ups and downs.” Eric then added, “If you had any sense, you’d have snapped up the dips like I suggested.”
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Back on February 4th, Ethereum was valued around $2,877. By July 21st, it was trading near $3,732, showcasing a potential profit increase of roughly 30%. It’s worth noting that in the weeks following Eric’s statement of support, the value experienced a significant decline, losing close to half its worth, before later recovering.
Coincidentally, on that same date of July 21st, Trump Media and Technology Group (TMTG), the organization behind Truth Social, announced its Bitcoin
The company revealed it has raised nearly $2.5 billion which will be devoted to its Bitcoin-centered strategy, and that further investments are possible depending on market opportunities. These announcements align with reports that Mr. Trump’s personal wealth has seen an upswing of over $600 million in recent months.
Most recently, Eric has publicly addressed his participation involving Tron’s
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