Ethereum $2.9K,Trump bullish. Ethereum tops $2.9K, Trump bullish Eric Trump of the Trump family’s World Financial Liberty platform that encourages buying Ether.
Ether bounced back above $2,900 after US President Donald Trump huddled tariffs targeting Canada and Mexico and his son, Eric Trump, told his 5.4 million X followers “It’s a great time to add ETH.”
“I think now is a fantastic time to deploy some $ETH. You can pay me later,” Trump wrote in an X post on Feb. 3. He has since edited the post to remove those last five words.
Eric Trump’s comments followed a crypto market bloodbath on Feb. 2 and 3 — largely sparked by President Trump’s proposed tariffs — that saw Ether ETH $2,708
Falling 16% in one hour to a local low of $2,368.
Ether had already bounced back to about $2,700 before Trump’s posting through a temporary agreement between his father and negotiators from Canada and Mexico freezing proposed tariffs as talks between the countries continue.
ETH continued to rise to reach $2,913 before falling back to its current price of $2,806.
Ethereum $2.9K,Trump bullish. World Liberty Financial makes crypto moves
This comes just after the Trump family’s crypto platform World Liberty Financial recently sent $307.41 million worth of assets to Coinbase’s custody platform on Feb. 3, according to blockchain analytics firm Spot On Chain.
WFL then also unstacked around 20,000 Lido Staked Ether STETH $2,694.33
This change followed a series of organizational announcements from the Ethereum Foundation to more actively support developers building on Ethereum’s decentralized finance ecosystem in January. The foundation reserved 50,000 Ether, the purpose of which lay in expanding the foundation’s treasury through rewards from staking.
Ethereum core developer Eric Conner claimed that the foundation’s staking rewards could help cover most, if not all, of its internal budget while alleviating some of the selling pressure that has frustrated the community, and arguably hurt its price performance this bull cycle.
Elsewhere, Ethereum marketing firm Etherealize, an organization that aims to shape Ethereum’s bull case for the Wall Street institutions, launched on Jan. 22.