Something big happened! Eric Trump calls for BTC/ETH, is it political campaigning or family cashing out?
Eric Trump recently called for buying the dip at $BTC , $ETH , this matter is quite deep!
As a member of the Trump family, his words indeed have a strong influence, after all, Elon Musk was able to push $DOGE up by 50% just with a tweet, the celebrity effect on retail investors is undeniable. Furthermore, the Trump family has always supported cryptocurrency and has mentioned that they would establish a Bitcoin advisory committee to lower regulatory hurdles if elected, this policy expectation looks like a long-term positive, easily attracting funds for investment.
But digging deeper, the issues are more glaring. In February and March, he called three times and all were failures! After calling for ETH in February, the price directly fell below 2000, and after calling for BTC in March, it plummeted to 78258, with a 100% failure rate across three calls. This is not buying the dip, it's simply a situation of catching the falling knife.
Even more suspicious is that after each call, the tokens of the family project WLF were transferred to exchanges, and the community suspects they are inflating the price to cash out, this operation is clearly using a political guise for commercial cashing out, completely ignoring the plight of retail investors.
Now the controversy lies in whether this is political campaigning or commercial monetization? Politically, old Trump wants to attract 52 million American crypto users, shaping a pro-innovation image; commercially, selling all WLF tokens could cash out 4 billion dollars, the family is clearly leveraging calls to coordinate project monetization. If they are targeted by regulators, it could trigger a risk of a collapse like FTX, and market panic selling is not out of the question.
In the short term, following the trend to buy carries a very high risk, historical data shows that there is over an 80% probability of price decline within 72 hours after his call, making retail investors easy targets for the dump. In the long term, cryptocurrency will still rely on technology and regulation to speak, and the celebrity effect cannot sustain it.
It is advised that those already holding positions pay attention to the risk of a pullback within three days, and for those who haven't bought, don't rush; long-term investors should not be disturbed by the noise, focusing on the BTC halving cycle and ETH ecological progress is the right approach!
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