US President Donald Trump’s son Eric Trump has advised people to buy эфириум, and he himself sold ETH during the correction.
In my opinion, now is the right time to add ETH [to your investment portfolio]. You can thank me later, — wrote Eric February 4th.
Four minutes before this post was published, it was reported that the Trump family’s startup World Liberty Financial had transferred $175 million worth of Ethereum to the crypto exchange Coinbase, apparently for subsequent sale. Therefore, Eric’s recommendation was contrary to his company’s policy.
I would say the same thing if I was planning to get rid of a large amount of ETH, — commented on Eric’s words a user under the nickname Wicked.
According to the Arkham service, World Liberty Financial is currently owns Ethereum worth $237,000 and STETH coins received in exchange for staked ETH worth $4,9 million. Accordingly, it can be assumed that the startup liquidated the lion’s share of investments in эфириум instead of building up coin reserves.
Based on the timing of the transactions, World Liberty Financial employees sold Ethereum after its price bounced off the bottom at $2,120 and reached $2,900. After the correction, the ETH market continued its downward trend, and the coin failed to stay above $2,900. If the asset continues to fall, the company’s decision to get rid of the cryptocurrency will be correct.
Ethereum exchange rate chart