The President of the United States, Donald Trump, has included five cryptocurrencies in a new strategic reserve, two of which are lesser-known tokens, catching many traders by surprise.

Donald Trump’s five cryptocurrencies

The move means the US government now has a stockpile of the five cryptocurrencies, which are Solana (SOL) and Cardano (ADA), as well as the more renowned XRP, Bitcoin (BIT) and Ethereum (ETH).

Trump initially revealed the first three of those would be included in the strategic federal reserve in a post on Truth Social which read:

“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”

He later added, “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!”

Immediately after Trump’s announcement, all five cryptocurrencies saw significant price rises, although they have since suffered huge drops with traders seemingly unsure as to what might happen next following their inclusion in the federal reserve.

SOL and ADA surprisingly included in federal reserve

While Bitcoin, Ethereum and XRP have become the world’s three biggest cryptocurrencies, SOL, which runs on a blockchain called Solana, is ranked sixth by CoinGecko. Trump’s own crypto token, which he unveiled in January, was created on the Solana blockchain.

ADA, meanwhile, runs on the Cardano blockchain and is considered the world’s eighth biggest cryptocurrency. It was founded by tech entrepreneur Charles Hoskinson, also the co-founder of the Ethereum blockchain project. Its price briefly soared by more than 70% following Trump’s announcement.

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