Cronos, the native cryptocurrency of the Crypto.com-backed Cronos Chain, surged to multi-year highs following information of the Trump Media Group CRO Technique launch.
On Tuesday, Trump Media and Expertise Group introduced launching a joint $6.4 billion Cronos treasury with Crypto.com and Yorkville Acquisition.
Cronos (CRO) surged 25% to $0.20 inside hours after the announcement, earlier than climbing previous $0.23 on Wednesday, its highest degree since Might 2022, in line with CoinGecko information.
The information has sparked combined reactions inside the neighborhood as some CRO holders have been optimistic, whereas others expressed skepticism towards the affect of political figures.
Trump Media’s CRO holdings are at $1.5 billion
Amid CRO rising to multi-year highs, Crypto.com CEO Kris Marszalek took to X on Wednesday to report that the crypto asset had surged 40% following the Trump Media Group CRO Technique announcement.
Trump Media (DJT) shares rose 5% on the information, Marszalek famous, including: “Worth of CRO held underneath Trump Media Group umbrella now at over $1.5 billion.”
The announcement of Trump Media Group CRO Technique got here practically 4 years after the Cronos launch in mainnet beta in early November 2021.
CRO nonetheless removed from all-time highs
After breaking previous $0.23, CRO’s market capitalization climbed above $7.8 billion, gaining greater than 44%.
Regardless of reaching multi-year highs, CRO stays about 300% under its all-time peak of $0.965 recorded just a few days after the official Cronos mainnet launch in 2021.
Earlier than the launch of the Cronos Chain, CRO was often called Crypto.org Coin (CRO), an ERC-20 token on the Ethereum blockchain that was created by Crypto.com founders in November 2018.
In March 2021, Crypto.com transitioned CRO to its personal decentralized open-source blockchain, the Crypto.org Chain. Quickly after launching Cronos, the trade rebranded the token to Cronos in February 2022.
Combined reactions
Amid the rally, Cronos rose within the rating of prime crypto property by market cap, changing into the twenty eighth largest crypto asset by time of publishing, in line with CoinGecko.
Some social media commentators expressed optimism about CRO, suggesting that the asset “deserves a everlasting spot within the prime 10.”
Others have been extra skeptical, mentioning that Cronos canceled a 70 billion CRO token burn in March 2025, regardless of initially saying the burn in 2021.
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“You gave them 6 billion CRO from the tokens that have been meant to be burnt ceaselessly,” one commentator wrote on X.
Some skeptics additionally expressed issues over the affect of political figures on the value of CRO.
“Nice, so now my crypto portfolio depends on what some politician says or does. Simply what everybody needed. Can we simply have one factor that is not contaminated by politics?” one other poster wrote.
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