Ethereum (ETH) and Solana (SOL) had an impressive rebound on Monday night after President Donald Trump decided to temporarily suspend tariffs on Canada, following a similar move with Mexico. This news helped alleviate concerns about escalating trade wars in North America.

Ethereum surges after a sharp drop

After hitting a low of $2,135 during the Asian trading session – the sharpest drop since May 2021 – Ethereum quickly recovered to $2,881. Earlier, the 18% crash on Monday led to over $600 million in Ethereum futures positions being liquidated.

Solana demonstrates outstanding strength

Compared to Ethereum, Solana has shown an even stronger recovery. SOL increased by 13.5%, from $190 to $216, and is currently trading around $218. Solana's resilience in areas such as meme-coin trading and decentralized finance (DeFi) has made this coin highly attractive to investors.

According to data from #GeckoTerminal , the daily trading volume of SOL has increased by 27%, indicating a large influx of capital into this ecosystem.

AI tokens have also rebounded strongly

In addition to SOL and ETH, AI-related tokens – the group that faced the strongest sell-off yesterday – have also seen a significant recovery.

Analyst Min Jung from #PrestoResearch commented:
"Strong assets like SOL and XRP are leading this recovery, while AI tokens are also regaining momentum."

Mr. Jung also believes that the U.S. temporarily halting tariffs with Canada and Mexico is a crucial factor in driving SOL prices back up.

Market fluctuations and notable movements

The crypto market fell into chaos after Trump threatened to impose tariffs on major trading partners of the U.S., raising concerns about inflation and tighter monetary policy. This led to over $2.2 billion in crypto derivatives being liquidated – one of the largest sell-offs in the industry's history.

However, ETH experienced a strong bounce right after Eric Trump – the son of the U.S. President – posted a status on social media X about cryptocurrency:
💬 “In my opinion, this is a good time to buy more ETH.”

Notably, he $TRUMP later edited the post and removed the line “You can thank me later.”, raising speculation about the influence of this tweet on the market.

Additionally, blockchain data from Arkham shows a series of large transactions related to World Liberty Finance – a decentralized finance (DeFi) project linked to the Trump family.

🔹 Approximately $60 million was transferred in large transactions on Monday afternoon, including $55.69 million in ETH and $5 million in USDC.
🔹 The largest transfer was worth $28 million, with most of the capital flowing into accounts on Coinbase Prime.

👉 In summary, the U.S. temporarily suspending tariffs with Canada has helped Ethereum and Solana recover strongly after the sell-off. Additionally, suspicious moves from the Trump family are also raising speculation within the crypto community. 🚀 #anhbacong