About an hour later, he revealed that BTC and ETH would also be key players in the reserve. The price of ADA soared by more than 63% within two hours after the president’s post, while SOL increased by 23% and XRP by 32%.
Notably, President Trump’s news of a Crypto Strategic Reserve holding Bitcoin, Ethereum, Solana, Cardano, XRP, and potentially more coins triggered massive gains across the crypto market. Bitcoin jumped 7.5%, Ethereum rose 10.2%, Solana surged 18.8%, Cardano skyrocketed 61.7%, and XRP soared 24.5%.
Notably, the top four performers in the last 24 hours (with a market cap over $1 billion) were Cardano, XRP, the Official Trump memecoin, and Solana. BNB had the smallest gain among the top 10 cryptocurrencies (excluding stablecoins), but still rose by 2.55%.
Meanwhile, the meme crypto market is also booming. Dogecoin rose 10% to $0.2272, Shiba Inu gained nearly 6% to $0.00001451, and Pepe Coin shot up 10% to $0.000008508.
On chain analyst Ali Martinez shared that the whales bought over 270 million XRP in the last 48 hours, further cementing bullish sentiments. He also predicts that Ethereum is about to skyrocket. While BTC also recorded gains, he shared that Bitcoin could be rebounding like it usually does when it hits the 200-day MA, only to face a rejection later and break through it.
Nevertheless, Trump’s posts gave crypto prices a boost, reversing the sharp drop seen after his election surge. Over the weekend, Ether climbed 20% to $2,482, XRP jumped 38%, Solana rose 20%, and Cardano soared 78%. Furthermore, the rally could keep going right into Trump’s first White House Crypto Summit on Friday.
