President Trump has announced the formation of a strategic crypto reserve, including Ripple, Solana, Cardano, Bitcoin, and Ethereum. This move is expected to accelerate capital rotation in the altcoin market, driving up their prices. Cardano, in particular, could see significant price moves as it has lagged behind other assets in the strategic reserve. Market volatility has already increased following the announcement, with intraday volatility surging over 600% for ADA. The reduction in leverage and increased concentration of capital in altcoins suggests that upcoming alt pumps will be more sustainable and less volatile.
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