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Eric Trump Gloats as Ethereum Breaks $4,000
Ethereum has surged above $4,000 for the first time in eight months, resulting in $105 million in short liquidations and a sharp reaction from Eric Trump, the president’s son.
On August 8, the president’s son posted on social media platform X to his 5.8 million followers: “I’m glad to see Ethereum shorts get punched in the teeth today. Stop betting against Bitcoin and Ethereum — you’re going to get crushed.”
Ethereum has led all cryptocurrencies in short liquidations over the past 24 hours. According to CoinGlass, $108 million in shorts were forcibly closed, accounting for 72% of the total short liquidations across the entire crypto market ($288 million). #btc# #eth# #xrp# #sol# #ltc#
There are only $700 left to ATH, and Eric Trump has already started bragging:
It makes me smile when I see ETH shorts burning.
How is your portfolio?
🐳 – started to grow;
😢 – still in the minus;
😈 – did not hold ETH.