Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of currencies including bitcoin, ether, XRP, solana and cardano. The names had not previously been announced.
Bitcoin and ether would be at the heart of this reserve, he posted on Sunday.
The post sent the world’s largest cryptocurrency up by more than 20 per cent from the November lows it was trading at on Friday, helping flip sentiment on a token that has been sliding since mid-January on disappointment Trump has not followed through on pledges to loosen regulation.
It was last trading around US$94,154, up from Friday’s US$78,273.
Ether has risen by a fifth over the weekend and was last at US$2,482, XRP was up 38 per cent, solana 20 per cent and cardano was up 78 per cent.
