According to people close to him, Trump is considering creating a federal reserve of cryptocurrencies created in the United States.
SOL price rose to over $215 on the news.
The cryptocurrency Solana (SOL) experienced a rise of almost 10% today due to new rumors about its market.
The price of solarium today went from USD 197 to USD 216a level that it had not reached in ten days. And, although it later declined slightly to around USD 213, it maintains a valuation on the day of 7%.
With this move, it is now 19% below its all-time high recorded less than two months ago. Such a record was USD 263 in November 2024.
The rise occurred after the American newspaper NY Post published that Donald Trump is receptive to the idea of creating a federal strategic reserve that prioritizes cryptocurrencies created in the United States such as SOL, XRP and the USDC stablecoin.
According to their anonymous sources, “Trump has met with the founders of these currencies in recent weeks and is receptive to the idea.” However, it should be noted that, for now, the president, who will take office as president of the United States in four days, has not made any public comments on the matter.
Trump has only spoken publicly about integrating bitcoin (BTC) into the United States federal reserves, without mentioning another crypto asset. And he has also said that he will turn the country into the capital of the digital asset industry. These are promises he made during his political campaign, shortly before winning the elections in November.
SOL and XRP react upwards to a rumor that may not come to fruition
Given the new rumors of the strategic reserve, not only SOL reacted upwards, but also XRP, with a rise of 15%. With this performance, the latter marked a new historical maximum price above USD 3.37, as reported by CriptoNoticias.
Nevertheless, There are those who dismiss Trump as carrying out this rumored idea.. “There will be no US strategic reserve in XRP and Solana,” assures the Colombian analyst Juan Rodríguez.
“Ripple [el emisor de XRP] He has money to spread rumors and pay for news… but it is not enough for the strategic reserve in the United States; “You have to settle for the ETF,” the analyst elaborates.
Furthermore, the specialist maintains that Trump surely does not forget the donation of USD 12 million that Ripple made to the presidential campaign of Kamala Harris, his opponent. “XRP has already risen quite a bit… be careful not to eat the fall,” warns Rodríguez.
These comments come while there is also hope for an authorization this year of cryptocurrency exchange-traded funds (ETFs) such as SOL and XRP in the United States. This in light of the industry-friendly regulation that Trump promotes. At the moment, only BTC and ETH ones work in the United States.
