Eric Trump, the son of US President Donald Trump, pointed out that his February support for Ethereum
Eric’s comments on X came in reply to Ted Pillows, a partner at crypto exchange OKX
$5.69B
, who had teased him back in April after Ethereum fell in price. He wrote, “How am I doing now, Ted Pillows?”
In another reply to a different user, he said, “Up 35% in 5 months, Pal. Embrace volatility”. Eric added, “If you were smart, you would have also bought the dips (as I said to do)”.
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On February 4, Ethereum was priced at about $2,877. By July 21, it traded near $3,732, which translates to an unrealized gain of about 30%. However, within weeks of Eric’s endorsement, the price fell by nearly half before rebounding.
On the same date, July 21, Trump Media and Technology Group (TMTG), which owns Truth Social, revealed it holds around $2 billion worth of Bitcoin
The company noted it has already raised about $2.5 billion to fund its Bitcoin strategy and may add more in the future if market conditions are favorable. These come alongside reports that Trump’s personal fortune has grown by more than $600 million in recent months.
Eric recently confirmed his involvement in Tron’s
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