Breaking news! Eric Trump calls for 'bottom-fishing' BTC/ETH again, is there a hidden secret behind the Trump family's 'crypto shadow war'?
On August 2, 2025, the crypto market exploded again! Eric Trump, Trump's second son, suddenly 'dug up old news' on X platform, reposting his tweet from February 25 about buying the dip, and loudly proclaimed: 'Once again, buy BTC and ETH on dips!' This move ignited discussions in the crypto circle—was it a signal for 'precise bottom-fishing' or a 'contrarian indicator' with more evidence? Even more explosive is the apparent deeper capital game behind this 'endorsement drama', in light of the crypto asset movements of World Liberty Financial, owned by the Trump family.
Eric Trump's 'contrarian prophecies': Three endorsements, all flopped, and the market jokingly calls him 'the poison milk king'.
Speaking of Eric Trump's 'crypto influence', it’s truly 'mixed reviews'. Since the beginning of this year, he has publicly endorsed BTC and ETH three times, and the results can be described as 'magical':
On February 4: When ETH was around $2,900, he exclaimed 'it's a good time to add positions'. What happened? ETH plummeted to $1,820, a drop of nearly 50%, with its market cap ratio hitting a new low since 2020.
On February 25: When Bitcoin was at $89,000, he shouted 'buy the dip'. Subsequently, the market crashed, and Bitcoin fell to $78,000 on February 28, a decline of over 12%.
On March 3: When Bitcoin was at $93,000, he retweeted a KOL's post saying 'now is a good time to hold'. That night, the market crashed, and Bitcoin fell 15% in a single day, marking the largest drop of the year.
Three endorsements, three precise 'catching falling knives', and netizens in the crypto circle exclaimed: 'Has Eric's mouth been blessed?' Even more dramatically, after each of his endorsements, the asset transfer records of WLFI are always dug up as 'coincidence'—on February 4, after he endorsed ETH, WLFI transferred $212 million worth of ETH to Prime Exchange that same night; before the market crashed in March, WLFI was also revealed to have transferred eight types of crypto assets in advance. Although the official explanation is 'fund management', netizens question: 'Is this operation 'pumping and dumping' or just 'bad luck'?'
Buying on dips: Is it a real opportunity or a 'Trump-style' psychological warfare?
Despite Eric's dismal history of endorsements, he chose to 'bring up old matters' on August 2, a timing that is quite thought-provoking. The current crypto market is experiencing a subtle turning point:
Bitcoin: From the February high of $95,000, it dropped to around $88,000, a decline of about 7%. However, recent ETF inflows have been consistently positive, with BlackRock increasing its holdings by 1.25 million BTC this month, bringing total holdings above 3 million.
Ethereum: From a historic high of $4,891, it dropped to $3,700, a decline of over 24%, but DeFi protocols like Ethena offer over 20% APY, and institutional locked positions are growing against the trend.
Market sentiment: Technical indicators show that if Bitcoin holds the support level of $85,000, it may restart its upward trend; Ethereum needs to break the resistance level of $3,900 to reverse its downward trend.
Some analysts believe that Eric's endorsements may be a continuation of the 'Trump family' crypto strategy—after all, his father Trump had promised to incorporate Bitcoin into national strategic reserves, while Eric himself has repeatedly criticized traditional banks as 'outdated and biased', asserting that 'banks that do not embrace crypto will go extinct in ten years'. This endorsement may not only be to boost the family crypto project WLFI but also an attempt to bolster market confidence through the 'celebrity effect'.
The crypto circle's dynamics: Some follow the trend, some watch the show, and some are wary of 'market manipulation'.
In response to Eric's 'divine operation', the crypto circle reacted in polarized ways:
Optimists: 'The Trump family is involved, which indicates crypto is the future!' Some retail investors believe that the long-term value of BTC and ETH remains intact, and buying on dips is a rational choice.
Cautious faction: 'Buying with Eric, is your villa by the sea?' Old investors joke, preferring to trust technical indicators rather than the words of 'the poison milk king'.
Conspiracy theorists: Suspect WLFI is creating market fluctuations through Eric's endorsements, taking advantage of information asymmetry to buy low and sell high, even colluding with institutions to 'cut the韭菜'.
The crypto market has never been a casino for 'celebrity endorsements'.
The controversy over Eric Trump's endorsements once again exposes the 'celebrity effect' trap in the crypto market—whether from the Trump family, Musk, or other KOLs, their statements may disturb the market in the short term, but the long-term trend will ultimately return to its intrinsic value. For ordinary investors, instead of blindly following the 'big shots', it’s better to focus on the fundamentals of the project, capital flows, and technical indicators.
After all, in the 'wild west' of crypto, the true winners are never the 'gamblers' who just follow the trends, but the 'long-termists' who can penetrate the noise and adhere to logic. As for Eric's next endorsement, will you choose to 'follow the trend and buy the dip', or 'keep your distance'? Let's discuss your views in the comments!
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