- Whale transfers SOL, XRP, and TRUMP following Trump’s U.S. Crypto Reserve announcement.
- 1.8M SOL and 29.5M XRP moved to Coinbase, hinting at institutional investor interest.
- Trump confirmed XRP, SOL, ADA, BTC, and ETH as key assets in the U.S. Crypto Reserve.
The crypto market saw unusual movements just hours after Donald Trump’s latest announcement. On March 3 and 4, large transfers of Solana (SOL), XRP, and the TRUMP tokens were recorded. These transactions involved hundreds of millions of dollars, raising speculation about market reactions to Trump’s new U.S. Crypto Reserve plan.
On March 3, an unknown wallet transferred $274 million worth of 1,823,409 SOL to another untraceable wallet at 18:41 UTC. A few minutes later, Coinbase received the same amount from an unknown wallet. The next day, another significant transfer took place. At 00:02 UTC, 29.5 million XRP, valued at nearly $70 million, was sent from an unknown wallet to Coinbase.
Later, at 04:29 UTC, around 5 million TRUMP tokens worth $61 million were moved to Binance. These movements happened just one day after Trump declared the establishment of the U.S. Crypto Reserve, sparking speculation about their relationship to his plan.
Trump’s statement confirmed that XRP, SOL, and ADA would be key assets in the reserve and later added Bitcoin and Ethereum to the list. In a post on Truth Social, he claimed this initiative would revitalize the crypto industry after years of regulatory crackdowns. Trump directed the Presidential Working Group to oversee the reserve’s creation, emphasizing its role in strengthening digital asset adoption.
Related: ADA, XRP Surges After Trump’s Announcement: Is it A Start of Altseason?
Market analysts are closely monitoring these transactions as the timing of these large transfers suggests that some investors may be positioned ahead of policy shifts. The involvement of Coinbase Institutional hints at potential interest from large-scale investors. Meanwhile, $TRUMP token’s movement raises questions about its future role in political and financial discussions. The crypto market remains volatile as regulatory uncertainty looms. Trump’s policies could influence investment trends, and whale activity often signals major shifts. The next steps for the U.S. Crypto Reserve will be closely watched as the industry adapts to evolving policies.
