As concerns around President Donald Trump’s tariff plans weighed on cryptocurrencies this week, ether experienced a sharper selloff than bitcoin, extending its underperformance, despite some traders’ hope that it could make a turnaround.

World Liberty Financial, the decentralized-finance project linked to Donald Trump’s family, appears to have added tens of million of dollars worth of the Ether cryptocurrency after crypto markets crashed during the weekend as the US president briefly imposed tariffs on Mexico and Canada.

Eric Trump publicly suggested it's a "great time" to invest in Ether, as the family crypto venture moved its Ether holdings.