Official Trump (Trump) tokens have skyrocketed, rising 18.1% in 24 hours, surpassing the major meme coin indigame coins (Doge), Shiba Inu (Shib) and Pepe (Pepe).
The rally comes after Donald Trump reaffirmed his support for US crypto sanctuaries.
The Trump Token, currently trading at $15.29, currently has a market capitalization of $3.07 billion, filling the gap with other top meme coins. During the same period, Doge rose to 13.9%, Shib rose to 9.6%, and Pepe jumped 11%.
Initially, Trump’s Truth Social Post on Sunday named XRP, Solana (SOL) and Cardano (ADA) the first assets included in the US strategic cryptocurrency reserve, driving a surge in prices for all three. However, Bitcoin and Ethereum were not mentioned at first, leading to speculation and backlash from some crypto communities.
Shortly afterwards, Trump revealed his stance, saying, “BTC and ETH, as other valuable cryptocurrencies are at the heart of the reserve.”
The statement rekindled market confidence, with Bitcoin surges above $91,000, adding a market capitalization of $260 billion in 48 hours.
Since his 2024 presidential campaign, Trump has been discussing the idea of US crypto sanctuaries. In January 2025, after taking office, he signed an executive order instructing working groups to assess the formation of national digital asset stockpiles. However, the order did not mandate the creation of a reserve.
On Sunday, March 3rd, Trump declared about the true society:
“US Crypto Preparation will raise this critical industry after years of corrupt attacks by the Biden administration. That’s why my executive order on digital assets has directed the Presidential Working Group to advance crypto strategic reserves, including XRP, SOL and ADA. We will ensure that the United States is the global crypto capital.
Following Trump’s announcement, XRP, SOL and ADA have increased their value.
The news quickly sparked a wave across the crypto industry. “Bitcoin is the foundation of the crypto economy,” replied Michael Saylor, a longtime Bitcoin advocate and founder of Bitcoin’s biggest corporate holder.
The US Digital Asset Working Group will hold a summit with industry leaders and government officials on Friday to discuss the next steps for strategic crypto sanctuaries.