How Much Did $TRUMP Coin Prices Go Up After US Crypto Reserve Launch?

President Donald Trump revealed plans to create a US-focused crypto reserve which will include five digital assets. The 78-year-old said that his order “directed the Presidential Working Group to move forward on a Crypto Strategic Reserve" that includes Bitcoin, Ether, Ripple’s XRP, Solana, and Cardano. The move led to a 29.4% surge in the price of the $TRUMP coin from $13.55 at 10:25 AM ET to $17.54 at the time of writing. "I will make sure the US is the Crypto Capital of the World,” Trump wrote in a social media post. The news sparked a rally in the crypto market, with Bitcoin, the world’s largest cryptocurrency by market value, rising around 8% at $90,828, and Ether, the second largest cryptocurrency, up 8.3% at $2,409. Ripple’s XRP, Solana, and Cardano each rose between 20% and 50%. Trump has become a supporter of cryptocurrency in contrast to his predecessor, Joe Biden. He first introduced the idea of a bitcoin stockpile to “keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future” last summer. Weeks after his re-election, Trump and his wife Melania also launched twin memecoins, which surged before crashing back. Both are now trading down more than 80% from their all-time highs.