XRP, SOL, ADA Prices Explode Ahead of Trump’s Crypto Reserve News
Trump Announces Crypto Reserve Plan
President Trump announced the plan on the Truth Social platform, just days before the first White House Crypto Summit. In it, he emphasized the need to enhance the digital asset industry and confirmed that XRP, Solana (SOL), and Cardano (ADA) will be important assets in the US crypto reserve.
However, the absence of Bitcoin and Ethereum from the initial list has raised many questions among the investment community. More than an hour later, Trump updated his statement: And, obviously, BTC and ETH, like other valuable cryptocurrencies, will be at the heart of the Reserve. I love Bitcoin and Ethereum too!
XRP, Solana, and Cardano Prices Surge
Soon after the announcement, the crypto market reacted strongly. XRP price increased by 25% in just a few minutes, from $2.23 to $2.80 on Sunday, with trading volume increasing fivefold to $20 billion.
Solana (SOL) also saw an impressive price increase, with a gain of more than 26% within an hour, from $141 to $178. According to CoinMarketCap, Solana's 24-hour trading volume increased by nearly 400% to $13.12 billion.
Cardano (ADA) was the biggest gainer, rising nearly 60% from $0.64 to $1.13 on Monday. ADA’s trading volume also exploded, rising 1,600% to $9.9 billion.
Meanwhile, Bitcoin and Ethereum were slower to react, rising 11% and 16%, respectively, after Trump’s official inclusion on the list. Bitcoin quickly reclaimed $94,000, while Ethereum surpassed $2,500 before making a slight correction.
The total cryptocurrency market cap increased by more than $300 billion in just three hours after the announcement.
Insider Trading Suspicions
Despite the strong gains, many have expressed concerns about the possibility of insider trading. The delay in Bitcoin and Ethereum’s initial listings has raised questions about whether someone knew about it in advance.
Specifically, just a day before Trump’s announcement, an anonymous trader placed a $200 million leveraged bet on Bitcoin and Ethereum, then cashed out just before the two coins were officially announced.
“This means that even if Bitcoin fell 2%, the position would be liquidated, with a loss of up to $200 million,” The Kobeissi Letter noted. “Could someone have known about it?”
Long-term Impact on the Market
While there are many questions, Trump’s shift in stance toward cryptocurrencies could be a major turning point. The fact that XRP was mentioned first has fueled speculation that it could play a strategic role in U.S. crypto policy. If this plan translates into actual regulatory support, XRP’s price rally could continue, making it a central player in the U.S. digital asset landscape.
Additionally, this move could also spark more discussions about whether the US should officially recognize cryptocurrencies as part of its national reserves.
Conclusion
Trump’s cryptocurrency reserve plan has immediately created strong waves in the market, pushing XRP, SOL, and ADA prices higher. However, questions about insider trading and possible market manipulation remain controversial. However, this could be a sign of a major change in the US government’s approach to cryptocurrencies, opening up many opportunities and challenges in the coming time.