Cronos, the native cryptocurrency of the chain of Crypto.com backed Cronos, has climbed multi-year highs following the news of the CRO’s CRO strategy of Trump Media Group CRO.
On Tuesday, Trump Media and Technology Group announced the launch of a joint $ 6.4 billion cronos treasury with crypto.com and Yorkville acquisition.
Cronos (Cro) climb 25% to $ 0.20 for a few hours after the announcement, before climbing the past $ 0.23 on Wednesday, the highest level since May 2022, According to in coingecko data.
The news caused mixed reactions within the community because some CRO holders were optimistic, while others expressed doubt on the influence of political figures.
Trump Media’s CRO Holdings are at $ 1.5 billion
In the middle of the CRO rising to multi-year highs, crypto.com CEO Kris Marszalek was taken to X on Wednesday to report that the crypto asset moved 40% following the announcement of the CRO CRO CRO’s CRO.
Trump Media (DJT) shares Rose 5% in the news, Marszalek said, and added: “CRO’s value held under the Trump Media Group’s umbrella today for more than $ 1.5 billion.”
Announcing CRO’s CRO approach of Trump Media CRO came almost four years after The launch of Cronos on Mainnet Beta In early November 2021.
CRO is still far from all the time high
After the $ 0.23 breaks, the CRO market capitalization rises above $ 7.8 billion, getting more than 44%.
Despite the reach of multi-year highs, the CRO remains about 300% below all time peak $ 0.965 recorded a few days after the official launch of Cronos Mainnet in 2021.
Prior to the launch of the Cronos chain, CRO was known as Crypto.org coin (Cro), an ERC-20 token in Ethereum Blockchain That is Created by the founders of Crypto.com in November 2018.
In March 2021, Crypto.com Transitioned CRO In its own decentralized open-source blockchain, the crypto.org chain. Shortly after the launch of Cronos, the exchange revised a token in Cronos in February 2022.
Halo -a reaction
In the middle of the rally, Cronos rose to the ranking of top crypto assets through the market cap, which became the 28 largest crypto assets by publishing time, According to This coingecko.
Some social media commentators have expressed optimism about CRO, suggests That the owner is “deserving of a permanent place in the top 10.”
Others are more skeptical, pointing out that Cronos Canceled a 70 billion burn of CRO token In March 2025, despite the original burning announcement in 2021.
Related: Trump’s crypto ventures have been yielding $ 2.4B since 2022: Report
“You gave them 6 billion CRO from tokens that were meant to burn forever,” a commentator write In X.
Some skeptics have also expressed concerns over the influence of political figures on CRO prices.
“Great, so now my crypto portfolio is dependent on what some politicians say or do. What does everyone want. Can we have something that is not contaminated by politics?” Another poster write.
Magazine: Bitcoin is ‘funny money on the Internet’ during a crisis: Tezos co-founder
