Solana News Today: Trump's Wallet Adds Valor Token-Endorsement or Strategic Shift?

The Valor token (VALOR) has surged to become the second-largest holding in the Official Trump meme coin (TRUMP) team wallet, signaling a strategic allocation shift in the crypto portfolio tied to former U.S. President Donald Trump's digital assets. According to blockchain analytics firm Lookonchain, the wallet now holds approximately 27.37 million VALOR tokens, valued at $240,000, trailing only the 800 million TRUMP tokens worth $6.47 billion in the same wallet, according to a crypto.news report. The Swiss-based fintech firm Smart Valor, which launched VALOR on the Solana blockchain, markets the token as a utility asset for staking rewards and reduced platform fees, the crypto.news report adds.

This move comes amid broader volatility in the crypto market. Solana, the blockchain underlying VALOR, experienced a sharp price decline to $182 on October 30, a 6% drop driven in part by institutional selling. Jump Crypto, a major Solana stakeholder, offloaded 1.1 million SOL tokens for $205 million before swiftly acquiring Bitcoin, reflecting shifting risk appetites, as detailed in a Yahoo Finance report. Despite these headwinds, Bitwise Asset Management's recent launch of the first U.S. spot Solana ETF has drawn institutional interest, with over $69 million in initial inflows, according to crypto.news coverage.

Trump's crypto holdings have long been a focal point of his financial strategy. The Official TRUMP token, launched in early 2025, has become a cornerstone of his digital empire, with recent reports highlighting its integration into a debit card and potential real estate tokenization projects, according to a MarketScreener profile. Meanwhile, Trump's political allies continue to amplify his crypto ambitions, with Vice President JD Vance and Secretary of State Marco Rubio cited as potential successors for a 2028 presidential run, a Benzinga report noted.

The alignment of VALOR with the TRUMP wallet has sparked mixed reactions. While some investors interpret the move as an endorsement of Smart Valor's platform, others caution against conflating asset ownership with political support. Critics have raised questions about whether the tokens were transferred by the project team rather than purchased by Trump's organization, though no evidence has confirmed these claims, the crypto.news report said.

Globally, crypto markets remain sensitive to geopolitical developments. Trump's recent military address in Japan, where he emphasized "peace through strength" and floated a pay raise for U.S. service members, underscored his administration's focus on national security, according to a Fox News report. Domestically, his political machinery continues to court high-risk strategies, such as advocating for a third term despite constitutional constraints, a stance previously reported by Benzinga.

As the crypto landscape evolves, the interplay between political figures, institutional investors, and blockchain innovation will likely remain a key driver of market sentiment. For now, the Valor token's rise in Trump's portfolio highlights the growing intersection of digital assets and high-profile political branding.