CRO Leads Market with Massive Price Surge
CRO, the native token of the Cronos blockchain, surged to a three-year high this week after Trump Media and Technology Group (TMTG) revealed plans to establish a $6.4 billion CRO treasury. Backed by President Donald Trump, the announcement triggered a wave of investor interest.
According to CoinGecko, CRO climbed 26% in 24 hours, briefly touching $0.29 before settling above $0.26. Over the past seven days, the token has spiked 83%, making it the top performer among the 100 largest cryptocurrencies by market cap. While impressive, CRO remains down 73% from its all-time high of $0.96 recorded in 2021.
Trump Media Backs CRO in Strategic Partnership
The rally follows news that Trump Media is partnering with Crypto.com, which operates the Cronos network, to form Trump Media Group CRO Strategy, Inc. The treasury is initially being seeded with 6.3 billion CRO tokens, valued at $1 billion at announcement—now worth approximately $1.63 billion—plus $200 million in cash and $220 million in warrants.
Additionally, a $5 billion equity line of credit has been secured to fund future CRO acquisitions. TMTG also committed to buying $105 million worth of CRO, representing about 2% of CRO’s circulating supply. In return, Crypto.com will purchase $50 million in TMTG common stock, both under lockup agreements.
The CRO holdings will be staked via Crypto.com’s custody platform, generating yield. Furthermore, CRO will serve as a utility token within Trump’s Truth Social and Truth+ streaming platforms, with an integrated rewards systembuilt around Crypto.com’s wallet infrastructure.
