Key Points
- The inauguration of a pro-crypto president has spurred optimism and increased market activity in the cryptocurrency sector.
- “Made in USA” crypto tokens are performing well, with the top five being XRP, Solana, Cardano, Chainlink, and Avalanche.
The inauguration of a pro-crypto president has ushered in a new era for Bitcoin and other cryptocurrencies. The question remains whether this shift towards more positive regulation and increased market activity is sustainable or merely a temporary reaction to changing political landscapes.
The Rise of “Made in USA” Tokens
Cryptocurrency tokens originating from the USA have shown significant performance this week, emerging as a dominant narrative in the sector.
The election of Donald Trump as U.S. President has fueled hopes among crypto traders and firms. A pro-crypto administration has supported the narrative of a new age for cryptocurrencies, marked by greater certainty and heightened market activity.
According to recent exchange review reports, one of the key measures of market participation reached a milestone in 2024. Aggregated spot and derivatives trade volume climbed to $75 trillion, up from the 2021 record of $64 trillion.
The market capitalization of stablecoins helps identify market activity, participation, and the onboarding of new users within the ecosystem. Stablecoins act as fiat on and off ramp for new traders and beginners in crypto, therefore representing market participation and adoption.
Impact of Political Shifts on Crypto Markets
President Trump’s statement that he wanted all remaining Bitcoin to be “made in USA” led to the rise of a new crypto narrative, the made-in-USA tokens. CoinMarketCap and CoinGecko have launched a category of tokens under “made in USA.”
The top five altcoins in this category are XRP, Solana, Cardano, Chainlink, and Avalanche, and the category’s market capitalization exceeds $541 billion.
The narrative depends on the policy and actions of the CFTC and the SEC, and whether President Trump delivers a strategic Bitcoin reserve during his time in office.
In 2024, the China coins narrative trended on various social media platforms as traders flocked to buy cryptocurrencies made in China. With the shifting tides in politics and regulation, the made-in-USA narrative has the potential to compete with Chinese coins.
Prospects for Bitcoin Traders
Tokens such as Solana, XRP, Sui, Aptos, and Injective could rally in the coming weeks, building on the made in USA narrative. Solana was conceptualized in California and is popular for its fast transactions and scalability.
The issuance of President Trump and First Lady Melania’s meme coins on the Solana blockchain has contributed to the rising activity on the chain.
Crypto firm Ripple was fined $125 million for violation of securities laws in its institutional sales of XRP. While XRP traders await an outcome in the appeals process, XRP holds steady above $3, after hitting a new all-time high in January 2025.
SUI and APT are US-backed Layer 1 tokens that enable higher scalability and faster transactions for traders while deriving security from the Ethereum base chain. INJ is a DeFi token with a focus on innovation and AI, the project is made in the USA and could benefit from the DeFAI narrative.
Analysis of Top 5 “Made in USA” Tokens
Data shows that the total open interest in USD in the top 5 made in USA tokens noted considerable spikes in January, closer to the inauguration. Even as OI drops from its highest level in assets, it is above the 2024 average, supporting a bullish thesis for the tokens.
Solana is holding on to double-digit gains for the last seven days while other cryptocurrencies in the top 5 struggle, alongside Bitcoin, on Thursday.
Crypto traders and experts maintain optimism of positive action within the first 100 days of Trump’s return to office.
