Why is the Trump family buying Ethereum?
Trump scared the market with his tariffs, but his family used it to buy Ethereum.
We have a new player in crypto and they are called the Trump family. The ace in their hand is the US President. Yep, you read that right.
Crypto crashed after Trump scared the world with his tariffs on Canada, Mexico, and China. What did the Trump family do during that time?
They bought more Ethereum. Interestingly, they have been buying Ethereum with their TRUMP token profits as well. Do they know something we don’t?
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Crypto crashed on Monday after Trump announced his 25% tariffs on Canada and Mexico, and 10% on China. It was the biggest single day liquidation event in crypto history. Estimates put the losses at around $10 billion in a 24h period.
That’s a record.
However, since then, Trump changed his mind and suspended the implementation of tariffs for 30 days as he negotiates further with Canada and Mexico.
What did the market do since?
Pump back up.
While this may be a tactic for Trump to negotiate with countries, it also happens to be an excellent way to manipulate markets and give insiders an advantage.
Now check this tweet from Eric Trump posted while markets were melting.
He quickly edited the tweet and deleted the last sentence: You can thank me later. Probably because that’s financial advice or he knows something we don’t.
Why is the Trump family buying Ethereum?
They have been buying ETH regularly since the TRUMP token was launched. Whenever they pull profits from that meme token, they buy more ETH. So far, over 86,000 ETH or the equivalent of $220 million.
Something may be coming and it will likely be on Ethereum which could pump its price. We do not know what that may be, but Eric Trump seems to know something.
Considering he was buying when everyone was getting liquidated on Monday, it could very well be that the market will pump later, and especially Ethereum.
A quick look at the Ethereum vs Bitcoin chart will give you plenty of reasons to avoid buying ETH in favor of BTC. However, if the US Strategic Reserve in crypto is built on Ethereum, that could quickly change the game and bring ETH back into focus.
This chart also shows ETH is quite oversold against BTC, and in general. When we compare it to other major altcoins like SOL, XRP or BNB, these already made an all-time high in this cycle while ETH didn’t.
This could turn into a pivot point for Ethereum.
Strictly based on the price action, I don’t expect a major change since there is nothing bullish about ETH on the above chart. You’ll find more discussions on this on our Discord server and Patrons Pro group - join us!
However, if the fundamentals around Ethereum change due to Trump getting behind it, the narrative will shift in a blink of an eye just like the market crashed due to his tariffs.
So far, Ethereum is one of the narratives that did not make a splash in this cycle. It could very well be that the next big narrative is Ethereum and its ecosystem. Even BlackRock is buying more of it lately. Time will tell, but keep a close eye on this.
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