Crypto Assets Gaining Traction Amidst Trump's Tariff Turmoil

The imposition of new global tariffs by President Trump has sent shockwaves through the crypto market, initially leading investors to traditional safe havens like gold and silver. However, digital assets are starting to show signs of recovery, with Solana (SOL), Ethereum (ETH), Ripple USD (RLUSD), and Tether (USDT) leading the way on social media discussions.

Despite wider macroeconomic uncertainty, trading activity and social media chatter about these four assets, as well as Cardano (ADA) and Binance Coin (BNB), are increasing. Yet, there is a worrying trend of large transactions dropping by nearly 64% since late February. In the stablecoin market,

Ripple's RLUSD has seen significant growth, while Tether's USDT remains the leader, recently adding an extra $735 million worth of BTC to its reserves.