Eric Trump’s Crypto Call Sparks 46% Ethereum Crash — “Don’t Trust the Trumps,” Warns Peter Schiff

The market is experiencing one of its biggest crashes in years today as the fears of a trade war have intensified. This increase can clearly be seen in the 10.5% drop in the total crypto market capitalisation. ETH was one of the biggest losers of today’s crypto downtrend. The Ethereum price decrease was significant, sending this token below the $1500 mark. This devastating drop has caused many community members to criticise the recent Eric Trump crypto advice. Donald Trump is also under fire from the crypto community for his aggressive tariff policy in the wake of the crash. 

Why Is Eric Trump Being Criticized for His Ethereum Advice?

Eric Trump crypto advice came in early February, as he tweeted that it is a great time to buy Ethereum. This post attracted a lot of criticism even then. Pierre Rochard, a Bitcoin purist, called Ethereum one of the assets to avoid investing in. Another community member also mentioned that Trump investment firm, World Liberty Financial, had recently moved to sell $175 million in ETH. As such, he commented, “Exactly what I’d say if I was about to dump a massive bag of ETH.” Eric Trump had also said to buy Bitcoin in the dip, which, since then, BTC has dropped nearly 13%.

Why Ethereum Crashed After Eric Trump Crypto Advice?

Since the Eric Trump recommendation, however, the value of RTH has dropped significantly, by almost 45%. A large percentage of this decline occurred just today, as the daily Ethereum price decrease is now at 17.5%. As ETH fell to $1,492, the 30-day decrease is now at 30.27%, marking one of the biggest ETH crashes. Additionally, Ethereum is now trading 69.4% below its all-time high of $4,878. As such, Eric Trump advice was followed by one of the worst crashes in ETH value. This has earned some interesting reactions from the market veteran Peter Schiff. 

Yes, it's best not to take any investment advice from the Trumps.

— Peter Schiff (@PeterSchiff) April 6, 2025

Peter Schiff, a gold advocate and critic of Trump policies and economic plans, also commented on this ironic development. He published an X post criticising the people who followed Eric Trump crypto advice and cautioning against listening to Trumps in general. The X post reads “Yes, it’s best not to take any investment advice from the Trumps.” However, some members of the crypto community criticised Schiff because of his biased opinion. JB rocks, for example, asked him what he would say if one of the Trumps advised him to buy gold.

Are the Trumps Using Crypto for Personal Financial Gain?

This is not the first time that Donald Trump crypto recommendation has been criticised for being wrong or manipulative. Donald Trump crypto recommendation of buying TRUMP is also another instance of his criticised actions. TRUMP and MELANIA meme coins experienced explosive growth at first; however, they were soon pumped and dumped, leaving investors devastated. With such cases, many now accuse the Trumps of market manipulation for reaching personal gain. As we discussed, this was also the case for the Eric Trump recommendation, which came before the WLFI Ethereum dump. To put it more in perspective, Eric Trump is one of the main managing figures behind World Libert Financial. 

Should You Avoid Crypto Backed by the Trump Family?

There is also a counterargument for Eric Trump, as he has been advocating for crypto investment in general. Some of his crypto investment recommendations include Bitcoin, Solana, Cardano, Ripple and even their own “Official Trump” token. As such, maybe he did not intend to manipulate the market. However, the point stands that you should not listen to Trumps for investment advice. This is because all these cryptocurrencies have gone down in value since Donald Trump son has recommended them.