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Cryptocurrency News Articles

Eric Trump Recommends Buying Ethereum (ETH), Which Attracts Investors' Attention

Feb 04, 2025 at 12:05 pm

According to the Token Mindshare (a metric quantifying the influence of specific tokens in the cryptocurrency market) top gainers from the AI-based Web3 search platform Kaito

Eric Trump Recommends Buying Ethereum (ETH), Which Attracts Investors' Attention

Top cryptocurrency-related keywords that people are most interested in, as of the 4th, based on Token Mindshare (a metric quantifying the influence of specific tokens in the cryptocurrency market) from the AI-based Web3 search platform Kaito, are:

1. Ethereum (ETH)

2. Cryptocurrency exchange Coinbase

3. World Liberty Financial (WLFI)

4. FTX Token (FTT)

5. HyperLiquid (HYPE)

Here's a brief analysis of each keyword:

1. Ethereum (ETH): Investors are showing interest in Ethereum after Eric Trump, the second son of President Donald Trump, recommended buying the cryptocurrency. On his official X (Twitter) account, Eric Trump stated, "Buy Ethereum. You'll thank me later."

2. Cryptocurrency exchange Coinbase: As President Trump announced a delay in tariff imposition, investor sentiment strengthened, leading many investors to search for cryptocurrency exchanges, including Coinbase. The inflow of stablecoins into exchanges, indicating strengthened investor sentiment in the cryptocurrency market, also surged. CryptoQuant contributor Matune reported, "Over $1 billion of USDC moved to exchanges today, with the majority, $875 million, flowing into Coinbase."

3. World Liberty Financial (WLFI): Known as a cryptocurrency project related to the Trump family, investor interest in World Liberty Financial's on-chain data seems to have led to its high ranking. Earlier in the morning, according to SpotOnChain, World Liberty Financial deposited eight types of cryptocurrencies worth approximately $307.4 million into Coinbase.

4. FTX Token (FTT): Concerns among investors increased as the cryptocurrency market plummeted due to President Trump's tariff bomb the previous day, leading to more mentions of FTX. In fact, the cryptocurrency market saw $2.2 billion liquidated the previous day, surpassing the $1.6 billion liquidation recorded on the day of the FTX incident. However, most cryptocurrencies are now recovering as President Trump has delayed the tariffs.

5. HyperLiquid (HYPE): The new Layer 1 blockchain HyperLiquid surpassed Ethereum (ETH) in terms of protocol revenue, attracting investors' attention. According to DeFiLlama, HyperLiquid recorded approximately $12.8 million in revenue over the past seven days. During the same period, Ethereum's revenue was only $11.5 million.

Other than these keywords, investors are also showing interest in Griffain, Mantra (OM), Swarms, Arbitrum (ARB), and Ton (TON), among others.

Disclaimer:info@kdj.com

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