Cardano's ADA Token Skyrocketed 64% Today, Boosted by Trump's "Crypto Reserve" Announcement

Cardano's ADA token skyrocketed 64% today (Monday), boosted by a game-changing announcement from President Donald Trump. The U.S. government will establish a strategic crypto reserve, including ADA alongside XRP, Solana (SOL), Bitcoin (BTC), and Ethereum (ETH).

Cardano's ADA token price today, Monday, surged 64% as President Donald Trump announced the U.S. government would establish a strategic cryptocurrency reserve.

What Happened: According to a Truth Social post by Trump, the U.S. will be holding a cryptocurrency reserve, investing in ADA, XRP, Solana (SOL), Bitcoin (BTC), and Ethereum (ETH).

This unexpected policy shift from the former president sparked a wave of enthusiasm among investors, propelling ADA past Dogecoin (DOGE) to become the eighth-largest cryptocurrency with a market capitalization of over $4 billion.

At the time of publication, the altcoin was trading at $1, showcasing a 53% increase in the past 24 hours and 37% over the past seven days. This boost marks a recovery from the brutal February market downturn, and Trump's announcement provided a fresh catalyst for growth.

ADAUSD, Source: TradingView

His statement on Monday morning further elaborated on the pressing need for this initiative.

"The Biden Administration has been CORRUPT in its CRUEL ATTACKS on the U.S. Crypto Industry-a Strategic Crypto Reserve will STRENGTHEN the industry. Deep State Radicals in the Pentagon & State Dept. are intent on DESTROYING the U.S. Economy. They will be SHOCKED!" Trump stated.

“The U.S. is being rapidly REBRITAINED by the CORRUPT Biden Administration. They are closing down our Energy Industry, cutting off our food supply, and now they are going after crypto. They will not succeed. We will MAGA bigger & better than ever before!”

This continues an Executive Order on Digital Assets that directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that will include XRP, SOL, and ADA. I will make sure that the U.S. becomes the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”

Top ترامب Announces U.S. Crypto Reserve, Launching ADA on a 64% Surge Today, Outpacing DOGEin a Magnificent Recovery

President Donald Trump took to Truth Social on Monday to make a striking announcement: the U.S. government will be establishing a strategic cryptocurrency reserve.

According to a recent post by President Trump on Truth Social, the U.S. government will be investing in ADA, XRP, Solana (SOL), Bitcoin (BTC), and Ethereum (ETH).

This unexpected policy shift from the former president has sparked enthusiasm among investors, propelling ADA past Dogecoin (DOGE) to become the eighth-largest cryptocurrency with a market capitalization of over $4 billion.

At the time of publication, the altcoin is trading at $1, showcasing a staggering 53% increase in the past 24 hours and 37% over the past seven days.

This surge marks a significant recovery from the brutal February market downturn, and Trump’s announcement has provided a fresh catalyst for growth.

His statement, which was posted at 9:08 a.m. ET on Monday, elaborates on the pressing need for this initiative.

“The Biden Administration has been CORRUPT in its CRUEL ATTACKS on the U.S. Crypto Industry—a Strategic Crypto Reserve will STRENGTHEN the industry. Deep State Radicals in the Pentagon & State Dept. are intent on DESTROYING the U.S. Economy. They will be SHOCKED!”

“The U.S. is being rapidly REBRITAINED by the CORRUPT Biden Administration. They are closing down our Energy Industry, cutting off our food supply, and now they are going after crypto. They will not succeed. We will MAGA bigger & better than ever before!”

This continues an Executive Order on Digital Assets that directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that will include XRP, SOL, and ADA. I will make sure that the U.S. becomes the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”

Investors quickly recognized the implications of Trump’s declaration, sparking a strong response in the crypto market.

As reported by blockchain analyst Ali Martinez, large investors, commonly known as “whales,” purchased over 270 million XRP and around 200 million ADA in a mere 24 hours.

This influx of capital signals significant institutional confidence in the assets selected for the U.S. reserve. However, it also serves as a warning of potential short-term volatility.

At present, ADA’s relative strength index (RSI) stands at 64, having entered overbought territory. Historically, such conditions have often led to brief pullbacks before an upward trend resumes.

With Trump's upcoming White House Crypto Summit and the ongoing enthusiasm for cryptocurrencies, the market is eagerly anticipating further developments.