Ethereum (ETH) has fallen by about 33% since Eric Trump bravely predicted that it was the best time to add $eth.
Trump created the claim on February 3rd (which he originally said “I’ll thank you later”) via his X account. At that time, the price of the ETH was around $2,877.32. Fast forward five weeks, however, and at the time of writing I was soaked in $1,908.57. This is a slide of over 33%.
The dip marks the worst February of the currency, the moon that traditionally sees the stellar performance. Less than 54%.
Trump’s name looks like a jinx that Crypto is worried about. Before taking office, Eric’s father, President Donald Trump, promised a booming crypto market, and later confirmed the establishment of strategic crypto sanctuaries and “digital asset stockpile” and declared the United States to become a “Bitcoin superpower.”
However, these declarations did little to reverse the bitcoin slide. It recently fell to $78,313, down 27.9% from its all-time high in January to $78,313 — or Altcoins’ continued performance.
At least Trump didn’t suggest selling your organs
Eric Trump isn’t just giving out questionable crypto investment advice. At the end of last month, the best strategy Michael Saylor went to suggest that people Selling kidneys to hold bitcoin.
But it now appears to be a monumentally bad idea, as demonstrated by Jacob King, whaling CEO.
Read more: Trump confused in the strategic bitcoin reserve he just ordered
Written in X, King said: “Let’s assume that your black market kidney is about $150,000. This would have bought 1.376 BTC. At today’s prices, it would have been like that. $42,700 (-28%).
“On the bright side, anyone who sold kidneys for Bitcoin has become a true lifelong Hodler because they are too connected to dialysis for panic sales,” he adds.
