ExtraOrdinal Daily #137 | The Vibes Are Coming Back

3rd March 2025 ||| Issue #137
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Table of Contents

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Todays Top Stories

The Vibes Are Coming Back

Yesterday, after one of the worst stretches of price action, sentiment, and overall despair—where many were ready to call this cycle dead—it all flipped in an instant. The catalyst? A announcement from President Donald Trump unveiling the creation of a U.S. Strategic Crypto Reserve.

Quite hilariously, at first, the reserve was said to consist of Solana, XRP, and Cardano, leaving Bitcoiners confused but cautiously optimistic that BTC might have its own separate reserve. Meanwhile, Ethereum’s absence from the announcement led many to believe it was being snubbed—a testament to just how bad sentiment for ETH had become.

Not long after, Trump clarified that both Bitcoin and Ethereum were not only included but would be “at the heart of the Reserve.” The confirmation quickly erased fears, particularly for ETH maxis, who finally had something to celebrate.

The market response was immediate:

  • Bitcoin surged nearly 8%, hitting $90,828, reaching a peak of just under $95,000 later on in the day

  • Cardano spiked from $0.64 to $1.14, Solana from $140 to $178, and XRP from $2.23 to $2.96

And now, just a day later, Trump is set to make another "investment announcement" at 1:30 PM ET, fueling even more speculation about what’s coming next.

The goal of the reserve is to position the U.S. as a global crypto leader and compete with China, which, according to sources, has already begun closed-door meetings to develop its own Bitcoin reserve.

The White House has also announced a Crypto Summit on March 7, bringing together major industry figures to discuss the reserve and broader crypto policy.

Market Speculation & Mixed Reactions

Some believe this could push Bitcoin past $200,000 in the mid-long term, especially if other nations start accumulating BTC. Others remain skeptical, calling it a publicity stunt, pointing to Trump’s history of memecoins and family-affiliated crypto projects.

The $TRUMP token debacle still lingers—launched by the same group responsible for the infamous $LIBRA rug that set off a chain of events that nearly killed the bull run. While $TRUMP still serves no real purpose, speculation remains that some form of utility or catalyst will be introduced at some point.

Meanwhile, one investor placed a long at 50x leverage on BTC and ETH just one day before Trump’s announcement. The timing was so precise that rumors swirled about insider trading. Some believed it was a notorious scammer who drained funds from multiple rugged coins. But later, prominent figures claimed they had identified the trader, dismissing insider suspicions and calling them “just a gambler.”

With Trump’s MELANIA coin being launched by the same group behind the infamous $LIBRA rug—which again, nearly killed the entire bull run—let’s hope, for the sake of our industry (and our bags), that there’s no truth to the allegations of insider trading.

What’s Next?

With Trump’s follow-up announcement at 1:30 PM ET and the upcoming March 7 Crypto Summit, the next few days could see prices soar further and fully reset sentiment to pre-$TRUMP launch levels.

That said, while many are assuming today’s investment announcement is crypto-related given the timing, there’s always the possibility that it has nothing to do with crypto at all. In which case, expect panic selling for no reason—as is tradition.

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Daily Bites: Today’s Top Articles

Todays Markets

Ordinals

A slight reshuffling of the rankings, but the top five remains unchanged since Saturday, with Based Angels holding firm in fifth place, rising 12% since yesterday.

OMB volume continues to be strong, now pushing past 8 BTC with 202 sales in the past 24 hours—an impressive 20% increase. Did ZK and Tony really drop the Black Eyes mint at the absolute bottom of this bull run pullback? Crazy if true.

Sparks moves into sixth today following the success of its token on OdinFun, with rumors swirling about potential rewards for holders of its Ordinals collection.

Elsewhere, Bitcoin Frogs make a slight gain, up 3%, while Runestone drops 9%.

Runes (Bitcoin Memecoins)

Things are looking a lot better for Runes, largely thanks to the hype and attention brought back by the roaring success of OdinFun—more on that a bit further down.

The biggest winner today is $CYPHER, more than doubling in value over the past 24 hours! $BILLY (+20%), $GIZMO (+36%), and $NMS (+23%) also post solid gains.

$SAIKO is back in the frame with an 8% increase, but two fellow OG low-cap Runes, $WADDLE and $BIP, continue to lag. Maybe attention naturally shifts to them next. Let’s see what tomorrow brings.

Over on OdinFun, everything is in the middle of a massive pullback over the past 24 hours—expected after the insane multiples posted over the past couple of days. If you’ve been waiting for an entry, 31%, 48%, and 41% dips on the top 3 might be as good an opportunity as any to dip your toes in.

The big news over the weekend was $SPARKS flipping OdinCat, the long-established beta to OdinDog. With a proper team behind it and that accompanying Ordinal collection, many are picking this as the next big runner.

Still, all eyes remain on OdinDog, with speculation running wild about just how far it can go as the flagship Rune of the platform.

Todays Opportunities

Giveaways

There are currently no raffles taking place today, but check back tomorrow for what’s next so you don’t miss out.

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Nothing in this or any other ExtraOrdinal Daily publication should be construed as financial or investment advice.

We trust this ExtraOrdinal Daily provided you with the information, insight and opportunities needed to have an ExtraOrdinal day! If you have any questions, suggestions, or a desire to contribute, reach out in the ExtraOrdinals Discord!

See you tomorrow!