Ada, XRP and Sol de Solana slide on Friday after a White House official retreated the recent announcement of President Trump that he would sign an executive order that instructs the presidential work group to advance with the creation of the strategic crypto reserve composed of ADA, XRP, Sol, Bitcoin and Ether.
“I think the president has just given five examples of cryptocurrencies in his post. Those five have to be the largest for market capitalization,” said the top of the White House in a call with the journalists before the Crypto summit of the White House on Friday. “I think people are reading a bit. The conclusion is that I think what we have announced here is consistent with what the president has always said about space.”
According to Coingcko data, the official’s statement is not strictly true. Taking the USDT of Tether, the five largest cryptocurrencies for market capitalization are Bitcoin, Ether, XRP, Binance’s BNB and Sun. Dogecoin is the sixth largest cryptocurrency due to market capitalization, with a sear behind it.
In a publication on the social networks of March 2, Trump said that a “US crypto reserve will raise this critical industry after years of corrupt attacks of the Biden Administration.” The announcement that it would include Sol, Ada and XRP received criticism from many in the industry, who expressed concern that the inclusion of Altcoins in a strategic reserve could be a vehicle for corruption and self -harm.
Ada fell more than 5% to $ 0.82 in the minutes after his comments. XRP slipped 3.5% to $ 2.41, while Sol dropped 2%. The three chips are firmly in the last 24 hours along with a weak crypto market.
