After Trump’s tax suspension, XRP, Solana, and Dogecoin Lead Altcoin Recovers

Three of the largest crypto assets by business cap increased by nearly 10 % in an hour after President Donald Trump decided to put a 90-day tax pause stop. &nbsp,

The Ripple-linked XRP, Solana ( SOL), and Dogecoin ( DOGE ) all increased by at least 7.5 %, with XRP leading the pack, up 10 % on the day to reach$ 2.04. According to CoinGecko, SOL and DOGE have increased 12.5 % and 10.5 % over the past 24 hours, respectively, reducing their weekly losses by less than 10 %. &nbsp,

The President posted on Truth Social,” I have authorized a 90-day PAUSE, and a significantly lower reciprocal tariff, also effective immediately, during this period.“

Major crypto assets like Bitcoin and Ethereum quickly soared as a result of the market’s reaction, which is now up 6.3 % and 11 %, respectively, in the last 24 hours. Main index like the S&amp, P 500, and Dow Jones each posting regular gains of more than 6.5 %, which was followed by the traditional equities business. The Nasdaq is off more than 10 %, and crypto companies are also rising as a result.

The aforementioned trio has boosted altcoins ‘ gains, which have also been boosted by other notables like Cardano ( ADA ), Avalanche ( AVAX ), and Sui ( SUI), all of which are currently reporting daily gains of at least 10 %. &nbsp,

Flatulence-themed Solana meme coin Fartcoin, which is up 28 % in the last day at$ 0.725—a gain of 259 % in the last month, is also moving forward. Even the President’s official token TRUMP, which has only increased 8.1 % to$ 8.25 in the last 24 hours, has increased 14 % to$ 8.25, while other notables on Solana like BONK and WIF have increased by 14 % each.

Ethereum meme coins Shiba Inu ( SHIB ) and Pepe ( PEPE ) have increased by more than 10 %, outperforming the meme category as a whole, which has increased by 8.5 % in the last 24 hours, according to CoinGecko. &nbsp,

However, despite the normal remission, the other assets making a drive higher are still well below their all-time peaks. &nbsp,

DOGE is furthest away, down 78 % from its peak of$ 0.73 in 2021. In addition, XRP is 40 % off the high it was set in 2018, and Solana is nearly 60 % below its all-time high from January.

edited by Andrew Hayward