The cryptocurrency market dropped fast just hours after U.S. President Donald Trump posted on his official account on ‘Truth Social’ that he is going to make a big announcement Tuesday night. Litecoin (LTC), XRP, and Solana (SOL) all saw huge price drops, losing double digits, and now crypto traders are nervous about what’s ahead for an industry already battered with February crash.
Litecoin (LTC) took a big hit, falling 10.18% in the last 24 hours to land at $114.46. This price drop cut its market cap to $8.64 billion, erasing some of its recent wins, with a 24-hour trading volume of $1.67 billion, surging 31%.
XRP also got smacked, dropping 10.14% to $2.59, with a 24-hour trading volume of $14.43 billion, surging 6.77%. Its market cap is now $150.62 billion, and it was one of the main cryptocurrencies Trump named for his reserve, along with Solana and Cardano (ADA).
When Trump backed it, XRP’s price shot up as people piled in, but this quick pullback shows everyone’s unsure what’s coming.
Solana (SOL) didn’t escape either, sliding 8.78% to $157.70. Its market cap sits at $80.05 billion, with $9.69 billion traded in the last 24 hours.
Trump’s mention of Solana in his Crypto Reserve plan had sparked excitement, pushing its price higher. But this latest drop suggests traders are pausing, waiting for more details.
The whole crypto market cap fell 3.64% to $2.97 trillion, showing a big slowdown. The timing is wild—on Sunday, March 2, 2025, Trump grabbed attention by unveiling his U.S. Crypto Reserve idea.
At first, he listed XRP, Solana, and Cardano (ADA), then added Bitcoin (BTC) and Ethereum (ETH). He said it’s a way to fight what he called the Biden administration’s “crooked attacks” on crypto.
Trump posted on Truth Social, “A U.S. Crypto Reserve will lift this key industry after years of crooked attacks by the Biden Administration… I will make sure the U.S. is the Crypto Capital of the World.” That news triggered a huge price surge, with investors jumping in, thinking crypto’s future looked bright.
Now, right before Trump’s next big reveal, the market’s all over the place. His latest post teased, “TOMORROW NIGHT WILL BE BIG. I WILL TELL IT LIKE IT IS!”—and everyone’s guessing what’s next. Traders are glued to their screens to see if prices bounce back like they did after Sunday or keep dropping.
Will crypto prices climb again, or is this the start of a bigger fall? One thing’s for sure, Trump’s words keep shaking up the crypto world, and investors are watching every move.
Also Read: Cardano is the top gainer in Trump’s Crypto Reserve List
