Eric Trump faces backlash over a buy recommendation as Ethereum plunges, becoming a target of investor ridicule
Eric Trump faces backlash over a buy recommendation as Ethereum plunges, becoming a target of investor ridicule
Eric Trump, who previously drew market attention by strongly recommending the purchase of Ethereum (ETH), is now facing intense mockery from investors amid a sharp price collapse, experiencing public humiliation.
According to cryptocurrency media outlet NewsBTC on February 7 (local time), Eric Trump, vice president of the Trump Organization, has become the target of fierce criticism on social media due to his past remarks encouraging Ethereum investment. As Ethereum’s price has sunk below the $2,100 level, his earlier optimism appears to have fueled anger among retail traders.
The controversy was reignited when well-known podcast host Ashley DCan resurfaced Trump’s past comments on social media platform X (formerly Twitter). DCan sarcastically wrote “long time no see,” pointing out that Trump had recommended buying Ethereum in June 2025 when it was trading at $2,900. Investors who followed that advice subsequently suffered massive losses as the price plunged to as low as $1,472.
In August last year, when Ethereum rebounded to $4,800, Trump confidently declared victory, telling critics to “step away from this business immediately.” However, the situation has completely reversed as Ethereum recently fell again to below $2,100, its lowest level since May 2025. Despite remaining the second-largest cryptocurrency by market capitalization, Ethereum is now facing strong selling pressure.
Market experts are diagnosing the current situation as the beginning of a full-fledged crypto winter. Matt Hougan, chief investment officer at Bitwise, warned that despite positive signals such as regulatory improvements and increased institutional adoption, the downward trend in Bitcoin (BTC) and Ethereum is likely to continue for some time. Related projects promoted by the Trump family, including World Liberty Financial and American Bitcoin Corp (ABTC), are also struggling to withstand the bear market.
Eric Trump has yet to issue any official response to the wave of mocking criticism, while market attention remains focused on whether Ethereum will continue to decline. Once touted as potentially surpassing $8,000, Ethereum is now in a situation where even securing a key support level appears uncertain. Investors are urged to base their strategies on objective market indicators rather than relying on statements from prominent figures.
*Disclaimer: This article is for investment reference only, and no responsibility is taken for any investment losses incurred based on it. The content should be interpreted solely for informational purposes.*
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