The crypto market’s volatility index could shoot up further this Friday as investors brace for the upcoming White House digital currency summit. Trump’s announcement of a US Crypto Strategy Reserve last weekend set off a wave of market reactions.

Inflows to exchanges from funds and traders usually imply an intention to sell, as large token holdings are usually stored in cold (or offline) wallets.

U.S. President Donald Trump named XRP, Solana (SOL) and Cardano (ADA) as three assets to be included in a U.S. strategic crypto reserve on Sunday, providing the first details about what such a reserve may look like.