In his posts on Sunday, Trump initially mentioned that smaller currencies – XRP, Cardano, and Solana – would form part of the new national crypto stockpiles.
About an hour later, however, the president in a separate post said “and obviously, BTC and ETH…will be at the heart of the Reserve,” referring to Bitcoin and Ethereum, the top two cryptocurrencies by market value.
Markets immediately reacted favourably to the post with Cardano jumping about 60 percent to $1.25 from a previous $0.65, according to Coinbase crypto exchange – although by Monday it had again settled to about $0.97. Solana increased from about $150 to $170 and XRP jumped from $2.25 to $3, both currencies surging at rates of about 12 and 20 percent, respectively.
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