According to Crypto Rover, Trump's recent Truth Social post proposing the addition of XRP, Solana (SOL), and Cardano (ADA) to a potential crypto reserve was reportedly influenced by a lobbyist with strong ties to the cryptocurrency industry, as cited by Politico. The lobbyist has since been exiled from the White House, reducing immediate prospects for official adoption of these cryptocurrencies at the federal level. This development has direct trading implications: short-term price volatility in XRP, SOL, and ADA can be expected due to reduced expectations of institutional adoption, and traders should closely monitor further regulatory or political updates that may impact these assets’ momentum. The news highlights the ongoing interplay between U.S. politics and major altcoin market sentiment. (Source: Crypto Rover, Politico)

According to ZachXBT, a trader attracted significant attention after executing two onchain trades involving large ETH and BTC long positions with 50X leverage on Hyperliquid and GMX. This activity occurred just before an announcement by Trump regarding a crypto reserve, highlighting the trader's strategic market positioning. [Source: ZachXBT]

According to Crypto Rover, a whale who took a $200M long position in crypto before Trump's crypto reserve announcement has changed his name to 'March 7', coinciding with the date of the upcoming White House crypto summit. This move has led to speculation about insider knowledge or significant market-moving announcements expected at the summit.