Cardano (ADA), Ripple (XRP), and Solana (SOL) Decline

Cardano (ADA), Ripple (XRP), and Solana (SOL) experienced significant drops today following remarks from a White House official regarding President Trump’s comments on a strategic crypto reserve.

This statement was made just before the White House Crypto Summit and left investors uncertain about the administration’s commitment to specific cryptocurrencies.

Earlier this week, Trump announced on social media that he would sign an executive order directing the Presidential Task Force to establish a U.S. crypto reserve. This proposed reserve would include Bitcoin (BTC), Ethereum (ETH), ADA, XRP, and SOL, leading to a brief surge in market speculation and a rise in prices.

However, in a press call before the summit, David Sacks, a senior White House official and cryptocurrency advisor, contradicted Trump’s initial announcement, implying that the inclusion of these specific cryptocurrencies was not guaranteed.

> “I think the President only gave five examples of cryptocurrencies in his article. Those five are probably the largest by market cap,” he stated. “I think people are over-interpreting this a little bit. Ultimately, I think what we’re describing here is consistent with what the President has always said about the space.”

This inconsistency has raised doubts about whether the administration’s approach to crypto reserves is clear or just political posturing. Following these comments, ADA, XRP, and SOL saw sell-offs as traders adjusted their expectations regarding the government’s shifting stance.

This is not investment advice.