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Cryptocurrency News Articles

XRP, ADA, SOL Surged After President Trump's Promise to Make America the Global Center for Virtual Assets

Mar 03, 2025 at 12:35 pm

According to the Token Mindshare Top Gainers from Kaito, an AI-based Web3 search platform (Token Mindshare is a metric that quantifies the influence of specific tokens in the virtual asset market), the top 5 virtual asset-related keywords that people are showing the most interest in as of the 3rd are XRP, ADA, Solana (SOL), Bitcoin (BTC), and Official Trump (TRUMP).

XRP, ADA, SOL Surged After President Trump's Promise to Make America the Global Center for Virtual Assets

A post by President Donald Trump regarding his plans for the virtual asset industry has sparked interest in XRP, ADA, and Solana among investors, according to Token Mindshare Top Gainers from Kaito.

Token Mindshare is a metric that measures the relative influence of specific tokens in the virtual asset market, which is used to calculate the top-gainer tokens. The top 5 virtual asset-related keywords that people are showing the most interest in as of the 3rd are XRP, ADA, and Solana, followed by Bitcoin (BTC) and Official Trump (TRUMP).

The virtual assets that ranked at the top today were all influenced by President Trump.

President Trump posted on his SNS Truth Social yesterday that "the Joe Biden administration has unfairly suppressed the virtual asset industry."

He said, "I have directed my virtual asset working group to pursue this matter."

President Trump plans to pursue strategic reserves of major virtual assets to make America the global center for virtual assets. He stated, "We will pursue strategic reserves including XRP, Solana, ADA, etc., to make America the global center for virtual assets."

His remarks sparked a surge in the prices of these three virtual assets.

XRP is currently trading at $2.79, showing a 24.28% increase compared to the previous day. Solana and ADA also experienced significant gains of 18.14% and 60.23%, respectively, as of 1:30 PM today.

Bitcoin also attracted investors' attention as its price soared following President Trump's statement. Bitcoin, which had been moving sideways around the $80,000 level the previous day, quickly rose by about 10% to signal its return to the $90,000 level after President Trump's comments.

President Trump said, "I love Bitcoin and Ethereum." He further added, "Bitcoin and Ethereum, like other virtual assets, will be central to the strategic reserve."

Lastly, Official Trump is President Trump's official meme coin. Official Trump also saw an increase of about 17.51% as investors poured into the token on Wednesday.

Other tokens that investors showed interest in include Tether (USDT), Ethereum (ETH), Dogecoin (DOGE), Ondo Finance (ONDO), and FOMO.

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Other articles published on Mar 04, 2025