Eric Trump recently expressed support for Ethereum, coinciding with the Trump family's increased investments in the altcoin. This event has sparked interest in Wall Street Pepe and other ERC-20 tokens.
Eric Trump's Support for Ethereum
Eric Trump recently stated in a post on X that he believes it’s a great time to invest in Ethereum, despite a 20% price drop. Following this statement, the price of Ethereum surged by 6% to trade at $2,767.46 as of the morning of February 4th.
Trump Family's Financial Investments
Through their project World Liberty Financial, the Trump family purchased $10 million worth of Ethereum, increasing their holdings in this cryptocurrency to 66,239 ETH, valued at over $183 million. These purchases were made at the end of January, reinforcing their commitment to Ethereum.
Wall Street Pepe and Growth Potential
Wall Street Pepe, a project that raised $68.6 million during its presale, has gained attention for its aim to combat 'whale' market dominance. The project supports retail traders by providing trading signals and insights. Analysts predict that the WEPE token could achieve a 10x increase after its market launch, similar to previous projects such as Pepe Unchained and OG Pepe.
Eric Trump's endorsement and his family's investments highlight the significance of Ethereum in the cryptocurrency market. Such large-scale investments underscore the power and potential of altcoins, especially in popular projects like Wall Street Pepe.
