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Grayscale's head of research: Trump's crypto reserve picks reflect diversification trend Grayscale’s head of research, Zach Pandl, told Fortune Crypto that U.S. President Donald Trump’s inclusion of XRP, Solana (SOL) and Cardano (ADA) in the strategic reserve reflects a growing trend among investors to diversify their holdings. He added that, aside from a positive outlook on BTC, investors are increasingly spreading their crypto investments across multiple assets, similar to how they diversify across stocks, bonds and commodities. However, Coinbase Exchange CEO Brian Armstrong suggested a BTC-only reserve or a market-cap-weighted index as a more neutral approach.

Grayscale's head of research: Trump's crypto reserve picks reflect diversification trend Grayscale’s head of research, Zach Pandl, told Fortune Crypto that U.S. President Donald Trump’s inclusion of $XRP, Solana $SOL and Cardano $ADA in the strategic reserve reflects a growing…

- Tokens like Solana (SOL), Ripple (XRP), and Cardano (ADA) have also lost much of their gains but remain slightly higher than before. - Elevated crypto volatility and market unease persist, with broader stock markets also in the red . What are your thoughts on the crypto market's reaction? Share in the comments! 📈💬

- Former President Trump's social media post on crypto reserves triggered a massive short squeeze, but gains are reversing as U.S. trading kicks off. - Bitcoin (BTC) surged to $95,000 but has slipped 5% in the past hour, now at $89,500. Other cryptos like ether , solana , XRP, and cardano also saw gains but are pulling back. - Market experts remain skeptical. Arthur Hayes calls it "just words," while Lekker Capital's Quinn Thompson criticizes the move . - Crypto stocks like Coinbase and Hut 8 are also losing early gains. What are your thoughts on this crypto whirlwind? Share in the comments!

A substantial cryptocurrency transfer involved 3 million Solana (SOL) tokens worth $510.36 million that moved into a Binance cold wallet. These notable financial transactions stem from an inactive stake account holding the ownership of those Solana (SOL) tokens which had not participated in any activities for a period of two months. Just In: 3M $SOL, valued at $510.36M, has been deposited into the #Binance cold wallet from a stake account after 2 months of dormancy.This wallet likely belongs to #Binance itself.https://t.co/ooOykh5MVM pic.twitter.com/gfhfZQzKXr — Onchain Lens (@OnchainLens) March 3, 2025 According to Onchainlens, a large movement of SOL tokens from an inactive stake account was observed 10 minutes ago when they immediately flowed to a cold wallet controlled by Binance, one of the biggest crypto exchange platforms worldwide. When the tokens were transferred, an exchange worth $510.36 million occurred in the market. Big transactions have occurred before using this stake account. Analysis of the account reveals various important transfer operations dating back to its history. The same stake account completed a 3 million SOL transaction of $550.65 million two months back. The stake account underwent its most substantial transfer during the previous August when it received 60.027 SOL worth $8.2 million. A pattern for periodic liquidity management appears through various transactions with different amounts and valuations throughout the past year within this stake account. Market Trends and Binance’s Role Such substantial fund transfers generate several possible effects. Fund transfers exceeding market standards tend to generate conjecture among market watchers about whether entities aim to distort prices or prepare for big financial exchanges. The SOL price tends to experience changes when owners release their tokens for open market sale. Users opt for cold wallets because such offline storage methods protect their funds against cyber criminals when they are not connected to the online world. Large institutional activities in Solana transactions provide indications about major players’ ongoing involvement with Solana investments in the face of market fluctuations. Binance plays an essential role because it receives the distributed SOL tokens. The exchange proved its ability to process substantial cryptocurrency volumes, gaining the required market liquidity for executing large-scale transactions and maintaining network stability. Major exchanges continue to demonstrate their vital market health role through their ability to lead the cryptocurrency liquidity functions. A significant movement in the cryptocurrency space occurred when Binance deposited 3 million SOL into its cold storage facility which demonstrates major market players conducting major financial transactions. The crypto market maintains its constant fluidity because big digital asset security measures remain vital to manage economic shifts between major market participants. All elements regarding Solana’s market valuation investor sentiment and network stability will receive close observation from the market as these developments occur.