Cardano (ADA) Price Soars 70% After Trump Announces It Will Be Part of Historic Crypto Reserve

After U.S. President Donald Trump announced Cardano ($ADA) as one of the five cryptocurrencies to be part of historic crypto reserve, its price shot up Sunday night

U.S. President Donald Trump announced on Sunday that he would be adding five cryptocurrencies to the new U.S. crypto reserve, part of a broader plan to make the country a global digital asset hub. In a post on Truth Social, Trump revealed that the crypto reserve would include main investments in XRP, Solana (SOL), and Cardano (ADA).

According to data from Benzinga Pro, at the time of writing, Cardano’s price had shot up a phenomenal 70% in 24 hours. With this announcement, ADA also broke the $1 barrier to reach $1.05.

After Trump announced the crypto initiative, Cardano’s price displayed a stellar 50% surge in just an hour on Sunday night.

As Trump made the crypto reserve announcement on Sunday evening via a post on TruthSocial, Trading went through the roof, with Cardano’s 24-hour volume shooting up 577.91% to $3.96 billion. Its market cap also swelled to $37.14 billion, posting a hefty 66.99% gain in a single day.

Trump made the announcement on Truth Social, naming XRP, Solana (SOL), and Cardano (ADA) as the main players in this new reserve. What raised eyebrows? Bitcoin (BTC) and Ethereum (ETH), the biggest names in crypto, were left out. This unexpected twist has set the industry abuzz, hinting at a major shake-up in how the U.S. views digital currencies.

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” Trump wrote. He’s pushing hard to make America the world’s crypto hub, building on his Executive Order on Digital Assets from January 2025.

That order got the ball rolling by asking the Presidential Working Group to explore a national crypto stockpile, talk that’s now turning into action.

Trump brought crypto into the 2024 campaign spotlight, often criticizing Biden’s administration for allegedly stifling the industry with regulations.

This latest move from Trump signals significant federal support for specific blockchain projects, potentially paving the way for wider use of these technologies in various sectors across the U.S.

With Cardano’s price heating up and trading volume reaching fever pitch, it’s clear that any government moves are making huge waves in the crypto sphere. Investors are buzzing, analysts are glued to the action, and everyone is eagerly watching to see how this crypto reserve unfolds and what it might mean for the future of digital money on a global scale.