Eric Trump Recommends Buying Ethereum After the Collapse
Eric Trump recommended buying Ethereum after a sharp drop in the market. World Liberty Financial transferred $307M in assets to Coinbase Prime.
Eric Trump advised buying ETH after a large-scale correction. World Liberty Financial moved assets worth $307.41 million to Coinbase Prime. Representatives of Movement Network and TRON denied reports of a 'fixed match' with WLFI.
The son of the current US President, Eric Trump, advised to buy ETH. The previous day, the Trump family's company, World Liberty Financial (WLFI), increased the asset's share in its portfolio.
"In my opinion, now is a great time to add ETH," wrote the entrepreneur.
His message was published at a time of sharp price declines in the crypto market, triggered by Donald Trump's statements on trade tariffs.
On 3 February, Ethereum's price fell below its quarterly low of $2,400. Over the next 24 hours, the coin partially recovered and is currently trading at $2,720.
WIFI is Reviewing its Cryptocurrency Portfolio?
According to Spot On Chain, World Liberty Financial made several large transactions with its crypto wallet on 3 February.
The company transferred $307.41 million in assets to Coinbase's custody platform, including ETH and WBTC. Subsequently, it withdrew 19,423 stETH from the staking and spent $5 million USDC to purchase 1,826 ETH at a price of $2,738.
In response to questions about these transactions, WLFI stated that these were routine portfolio management procedures and not preparations for a token sale.
As a result, the total value of crypto assets in WLFI's wallets decreased by 90%, from $363 million to $33 million.
ETH/USD
Attention in the Community
According to information available at Blockworks, World Liberty Financial "lures" crypto projects with reciprocal token purchase offers: an interested project must pay at least $10 million to obtain as-yet unissued WLFI tokens, plus a 10% fee, while the Trump family company agrees to purchase its assets for the same amount.
The launch of WLFI is reported to take place in the third quarter of 2025 with a FDV of $1.5 billion. There would be no vesting period for the tokens.
Those reportedly agreeing to the terms of this 'investment swap' include Movement Labs and TRON.
In late January, the Trump family company purchased MOVE tokens worth approximately $2 million. The purchase came two hours beforeMovement officially announced the opening of the network to developers.
Moreover, rumours spread in the community about the project's possible involvement in the activities of the Government Efficiency Committee (DOGE), recently created and led by Elon Musk.
The co-founder of Movement Labs, Rushy Munsch, denied direct links to Trump's project. He emphasised that the team did not provide WLFI tokens and that 'hints' about the network's launch were published in the week before the official announcement.
About a possible collaboration with Musk's department, Munsch said he had no knowledge of it. According to him, there was no asset swap deal with WLFI.
"There was no deal, no behind-the-scenes operation. It was a normal market purchase," the entrepreneur told CoinDesk.
A representative of the TRON team also denied the existence of an exchange agreement.
At the time of writing this article, World Liberty Financial's portfolio contains $8.81 million in TRX tokens. Almost the entire amount in MOVE has been completely withdrawn and transferred to Coinbase Prime.
Binance founder Changpeng Zhao (CZ) spoke in an interview with Colin Wu about the formation of the exchange, his views on the problems of Ethereum and Solana.
Eric Trump advised buying ETH after a large-scale correction. World Liberty Financial moved assets worth $307.41 million to Coinbase Prime. Representatives of Movement Network and TRON denied reports of a 'fixed match' with WLFI.
The son of the current US President, Eric Trump, advised to buy ETH. The previous day, the Trump family's company, World Liberty Financial (WLFI), increased the asset's share in its portfolio.
X
"In my opinion, now is a great time to add ETH," wrote the entrepreneur.
His message was published at a time of sharp price declines in the crypto market, triggered by Donald Trump's statements on trade tariffs.
On 3 February, Ethereum's price fell below its quarterly low of $2,400. Over the next 24 hours, the coin partially recovered and is currently trading at $2,720.
WIFI is Reviewing its Cryptocurrency Portfolio?
According to Spot On Chain, World Liberty Financial made several large transactions with its crypto wallet on 3 February.
The company transferred $307.41 million in assets to Coinbase's custody platform, including ETH and WBTC. Subsequently, it withdrew 19,423 stETH from the staking and spent $5 million USDC to purchase 1,826 ETH at a price of $2,738.
In response to questions about these transactions, WLFI stated that these were routine portfolio management procedures and not preparations for a token sale.
As a result, the total value of crypto assets in WLFI's wallets decreased by 90%, from $363 million to $33 million.
Attention in the Community
According to information available at Blockworks, World Liberty Financial "lures" crypto projects with reciprocal token purchase offers: an interested project must pay at least $10 million to obtain as-yet unissued WLFI tokens, plus a 10% fee, while the Trump family company agrees to purchase its assets for the same amount.
The launch of WLFI is reported to take place in the third quarter of 2025 with a FDV of $1.5 billion. There would be no vesting period for the tokens.
Those reportedly agreeing to the terms of this 'investment swap' include Movement Labs and TRON.
In late January, the Trump family company purchased MOVE tokens worth approximately $2 million. The purchase came two hours before Movement officially announced the opening of the network to developers.
Moreover, rumours spread in the community about the project's possible involvement in the activities of the Government Efficiency Committee (DOGE), recently created and led by Elon Musk.
The co-founder of Movement Labs, Rushy Munsch, denied direct links to Trump's project. He emphasised that the team did not provide WLFI tokens and that 'hints' about the network's launch were published in the week before the official announcement.
About a possible collaboration with Musk's department, Munsch said he had no knowledge of it. According to him, there was no asset swap deal with WLFI.
"There was no deal, no behind-the-scenes operation. It was a normal market purchase," the entrepreneur told CoinDesk.
A representative of the TRON team also denied the existence of an exchange agreement.
At the time of writing this article, World Liberty Financial's portfolio contains $8.81 million in TRX tokens. Almost the entire amount in MOVE has been completely withdrawn and transferred to Coinbase Prime.
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