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An entity partly controlled by Eric Trump may be selling its Ethereum holdings despite his infamous buy the dip post in February.
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The reported sale has sparked a flurry of reactions online.
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Eric’s father is partially responsible for the hit to his fledgling career as a market punter.
Two months ago, Eric Trump took to X to make a post that has become a meme in cryptocurrency circles.
“In my opinion, it’s a great time to add ETH. You can thank me later,” he wrote. At the time, the asset had just fallen below the psychologically important $3,000 price level and appeared to be struggling to make a comeback as it traded near $2,900.
As has been frequently reported, this comeback did not materialize despite Eric’s recommendation, and now, with a further 48% decline, he may be eating his own words.
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An entity partly controlled by Eric may be selling its Ethereum holdings despite his infamous buy the dip post in February.
On Wednesday, crypto smart money tracker Lookonchain flagged a transaction from an address labeled World Liberty Financial on Arkham Intelligence. It suggested that the decentralized finance project taken over by a Trump family firm partly controlled by Eric was dumping its Ethereum holdings at a loss.
Specifically, the address sold nearly 5,500 ETH for $8 million at an average price of $1,465 per coin. The reported sale comes 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.
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Neither World Liberty Financial nor Arkham Intelligence immediately responded to requests for comment by Benzinga.
The Lookonchain report has sparked a flurry of reactions online, with many unable to avoid pointing out the irony in light of Eric’s February statements.
The situation is perhaps made more ironic by the fact that Eric’s father, President Donald Trump, is partially responsible for the hit to his fledgling career as a market punter.
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