Is the Trump family selling Ethereum after suffering heavy losses? Here's what reports say

American businessman and son of US president Donald Trump, Eric Trump posted just two months back on social media platform X (formerly Twitter) that “In my opinion, it’s a great time to add ETH. You can thank me later,” quoted Benzinga. Ethereum at the time had fallen below the psychologically important $3,000 level and was sitting around $2,900, as per the report. His tweet caused ripples throughout crypto circles and now, it's making the rounds once again for a very different reason.

Since Eric's post, Ethereum has fallen to 48%, and a report revealed that a Trump-tied firm has dumped its losses and unloaded a significant portion of its Ethereum holding, according to Benzinga.

A Quiet Sell-Off?

Last Wednesday, crypto monitor Lookonchain found a large Ethereum sale by an account called "World Liberty Financial" on the platform Arkham Intelligence, as per the report. The organization, which has reportedly been affiliated with a Trump family company partly owned by Eric, seems to have sold approximately 5,500 ETH, about $8 million worth, averaging about $1,465 per coin, reported Benzinga.


According to Benzinga, the sale was at a potential 55% loss to World Liberty Financial, which accumulated 67,498 coins for $210 million at an average price of $3,259, a stash now $125 million in the red.

Crypto Community Reacts

It didn't take long for those online to catch the irony. Eric's buy the dip post in February made a comeback, with comments loaded with memes, jokes, and sarcasm, as per the report.

FAQs

What exactly did Eric Trump say about Ethereum?
Back in February, Eric posted on X (formerly Twitter) saying, “In my opinion, it’s a great time to add ETH. You can thank me later.”

How much was Ethereum worth when Eric said to buy the dip?
At the time in February, ETH had just dropped below $3,000 and was trading around $2,900.