Crypto Market Skyrockets as Trump Unveils U.S. Crypto Reserve Featuring XRP, Solana, and Cardano
In a historic moment for the cryptocurrency world, President Donald Trump shook up the market on March 2, 2025, by announcing the creation of a U.S. Crypto Strategic Reserve. This reserve will include XRP, Solana (SOL), and Cardano (ADA), alongside Bitcoin (BTC) and Ethereum (ETH). The news, shared via Trump’s Truth Social, ignited a massive $330 billion rally in the global crypto market within just four hours—highlighting investors’ confidence in the administration’s pro-crypto stance.
Trump didn’t mince words, calling out what he described as “years of corrupt attacks” on the crypto industry under the Biden administration. He stated that the reserve is a key step in elevating digital assets and pointed to his January executive order as the foundation for this initiative. While $XRP XRP, $SOL SOL, and $ADA were specifically named in the directive, a follow-up post reaffirmed that BTC and ETH would be at the core of the reserve, ensuring a well-rounded approach to adoption. This move aligns with Trump’s broader goal of transforming the U.S. into “the crypto capital of the world,” a vision he plans to elaborate on during the upcoming White House Crypto Summit on March 7.
Markets React with Explosive Gains
The response from traders and investors was immediate. Solana surged 19.81% to $159.34, fueled by optimism surrounding altcoin ETFs and growing U.S. interest. XRP jumped 21% to $2.61, while Cardano saw an astounding 37% increase, reaching $0.87. Even Bitcoin and Ethereum benefited from the momentum, with gains of 6.65% and 11%, bringing them to $90,828 and $2,409, respectively. Across social media, traders celebrated the altcoin boom, attributing the sharp rally to Trump’s bullish stance on crypto.
Larger Market Trends and Strategic Implications
This announcement comes as the broader crypto landscape continues evolving. A recent Technavio report forecasts a $34.5 billion expansion in the crypto market by 2028, driven by AI advancements and institutional investment. Meanwhile, government holdings of digital assets remain a hot topic—the U.S. currently owns $17 billion in seized Bitcoin, but has no known reserves of XRP, SOL, or ADA. This raises speculation about potential government acquisitions to align with Trump’s vision.
Interestingly, the announcement followed the FTX estate’s massive sale of $7.65 billion in Solana at a steep discount, which had previously weighed on SOL’s price. However, that bearish sentiment now appears overshadowed by a renewed wave of optimism.
What Comes Next?
Many analysts view this as a turning point for the crypto industry. By prioritizing XRP, Solana, and Cardano—which Trump referred to as “U.S.-made cryptocurrencies”—alongside Bitcoin and Ethereum, the administration is signaling a clear departure from past regulatory hostility. With some experts already predicting Bitcoin will break $100,000 in 2025, this latest development could supercharge the entire market.
Of course, questions remain. The full structure and impact of the U.S. Crypto Reserve are still unfolding, with key details likely to emerge as legislative and regulatory discussions progress. Nonetheless, anticipation is building as Trump prepares to host his first-ever White House Crypto Summit, where he is expected to provide further insights.
