The Official Trump (TRUMP) token is surging, rising 18.1% in 24 hours and outperforming major meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).
The rally comes after Donald Trump reaffirmed his support for a U.S. Crypto Reserve, clarifying that Bitcoin (BTC) and Ethereum (ETH) will be included.
Currently trading at $15.29, the TRUMP token now has a $3.07 billion market cap, closing the gap with other top meme coins. Over the same period, DOGE gained 13.9%, SHIB climbed 9.6%, and PEPE jumped 11%.
Trump’s Truth Social post on Sunday initially named XRP, Solana (SOL), and Cardano (ADA) as the first assets to be included in a U.S. strategic crypto reserve, fueling price surges for all three. However, Bitcoin and Ethereum were not mentioned at first, leading to speculation and backlash from some crypto communities.
Shortly after, Trump clarified his stance, saying , "BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve."
This statement reignited market confidence, sending Bitcoin surging back above $91,000, adding $260 billion in market cap in 48 hours.
Trump’s push for a crypto reserve
Trump has been discussing the idea of a U.S. Crypto Reserve since his 2024 presidential campaign. In January 2025, after taking office, he signed an executive order directing a working group to evaluate the formation of a national digital asset stockpile. However, the order did not mandate the creation of a reserve.
On Sunday, March 3, Trump declared on Truth Social:
"A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!"
Following Trump’s announcement, XRP, SOL, and ADA soared in value, as investors anticipated government involvement in their adoption.
Industry response
The news quickly made waves across the crypto industry. Michael Saylor, a long-time Bitcoin advocate and founder of the largest corporate holder of Bitcoin, Strategy responded , "Bitcoin is the foundation of the crypto economy."
The U.S. digital assets working group is set to host a summit on Friday with industry leaders and government officials to discuss the next steps for the strategic crypto reserve.
