Donald Trump Jr. took to social media to address concerns surrounding his public endorsement of Ethereum (ETH) earlier this year, which was followed by a significant market downturn.
Following Trump’s March endorsement, the price of Ethereum experienced a steep decline, falling approximately 40% from its value at the time of his statement. This volatility prompted questions from investors.
In his response, Trump acknowledged the inherent unpredictability of the cryptocurrency market. He pointed to Ethereum’s subsequent recovery, noting that the asset’s price had appreciated by roughly 35% over the intervening five months.
Trump emphasized the potential opportunity presented by market dips, actively encouraging investors to consider strategic buying during periods of price weakness. He framed the initial drop as a natural market fluctuation rather than a long-term indicator of the asset’s value.