Decline of alternative and meme coins despite Trump's announcement of Bitcoin reserve

XRP, Solana, and Cardano have declined due to the Bitcoin reserve, thus Trump clarified that only Bitcoin will receive active support.

Meme coins like Dogecoin and Shiba Inu have fallen due to the uncertain reserve listing.

The cryptocurrency market has decreased by 4%, with uncertainty continuing ahead of the White House cryptocurrency summit.

The cryptocurrency market has experienced high volatility today, with major alternative coins like Ethereum (ETH), Solana (SOL), and XRP seeing price drops. The recent executive order issued by President Donald Trump to create a strategic reserve of Bitcoin has sparked hopes for a broader push by the United States towards cryptocurrencies. However, these alternative coins are declining as the market responds to conflicting signals.

The government will only actively support Bitcoin, while other coins like XRP, Solana, and Cardano will not be included in the reserve unless they are seized by governments.

The price of XRP has decreased by 2%, Solana has lost 5%, and the price of Cardano has fallen by 10%. This change has suppressed investor sentiment and caused a wave of selling,