Cointime

Cointime

Download App
iOS & Android

Crypto.com's Cronos jumps 40% on Trump Media Group CRO Strategy news

Cronos, the native cryptocurrency of the Crypto.com-backed Cronos Chain, surged to multi-year highs following news of the Trump Media Group CRO Strategy launch.

On Tuesday, Trump Media and Technology Group announced launching a joint $6.4 billion Cronos treasury with Crypto.com and Yorkville Acquisition.

Cronos surged 25% to $0.20 within hours after the announcement, before climbing past $0.23 on Wednesday, its highest level since May 2022,accordingto CoinGecko data.

The news has sparked mixed reactions within the community as some CRO holders were optimistic, while others expressed skepticism toward the influence 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 Strategy announcement.

Trump Media (DJT) shares rose 5% on the news, Marszalek noted, adding: “Value of CRO held under Trump Media Group umbrella now at over $1.5 billion.”

Source: Kris Marszalek

The announcement of Trump Media Group CRO Strategy came nearly four years after the Cronos launch in mainnet beta in early November 2021.

CRO still far from all-time highs

After breaking past $0.23, CRO’s market capitalization climbed above $7.8 billion, gaining more than 44%.

Despite reaching multi-year highs, CRO remains about 300% below its all-time peak of $0.965 recorded a few days after the official Cronos mainnet launch in 2021.

Historical price of CronosCRO$0.2943, known as Crypto.org CoinCRO$0.2943 before 2021. Source: CoinGecko

Before the launch of the Cronos Chain, CRO was known as Crypto.org Coin 

CRO$0.2943, anERC-20 token on the Ethereum blockchain that was createdby Crypto.com founders in November 2018.

In March 2021, Crypto.com transitioned CRO to its own decentralized open-source blockchain, the Crypto.org Chain. Soon after launching Cronos, the exchange rebranded the token to Cronos in February 2022.

Mixed reactions

Amid the rally, Cronos rose in the ranking of top crypto assets by market cap, becoming the 28th biggest crypto asset by time of publishing, according to CoinGecko.

Some social media commentators expressed optimism about CRO, suggesting that the asset “deserves a permanent spot in the top 10.”

Others were more skeptical, pointing out that Cronos canceled a 70 billion CRO token burn in March 2025, despite originally announcing the burn in 2021.

“You gave them 6 billion CRO from the tokens that were meant to be burnt forever,” one commentator wrote on X.

Some skeptics also expressed concerns over the influence of political figures on the price of CRO.

“Great, so now my crypto portfolio is dependent on what some politician says or does. Just what everyone wanted. Can we just have one thing that isn't infected by politics?” another poster wrote.

Comments

All Comments

Recommended for you

  • US CPI rose 2.4% year-on-year in February; markets expect the Federal Reserve to cut interest rates in July.

     data released by the U.S. Department of Labor on the 11th showed that the U.S. Consumer Price Index (CPI) increased by 2.4% year-on-year in February; excluding the more volatile food and energy prices, the core CPI rose by 2.5% year-on-year in February. Analysts pointed out that this data reflects the U.S. inflation situation before the outbreak of military conflict in the Middle East. Considering the recent surge in international oil prices and the ongoing blockade of the Strait of Hormuz, the risk of a rebound in U.S. inflation pressure cannot be ruled out at present. Even though the recently released non-farm payroll data was significantly below expectations, the market still expects the Federal Reserve to cut interest rates again only in July this year. 

  • Mastercard launches new “Cryptocurrency Partner Program”

    according to market news: Mastercard has launched a new "Cryptocurrency Partner Program," focusing on using digital assets for cross-border transfers, B2B payments, and global fund disbursement services.

  • Strive disclosed that it increased its holdings by 179 Bitcoins, bringing its total Bitcoin holdings to approximately 13,311.

    Strive, a US-listed company focused on Bitcoin treasury business, disclosed that it has increased its holdings by 179 bitcoins, bringing the total Bitcoin holdings to approximately 13,311. In addition, it has purchased $50 million worth of Strategy perpetual preferred shares STRC, and as of March 9, 2026, holds $143.4 million in cash and cash equivalents. Strive also stated that it has raised the dividend rate by 25 basis points to 12.75%. The currently issued shares include 56,897,668 Class A common shares, 9,880,117 Class B common shares, and 4,275,118 SATA shares.

  • MARA may transfer 298 BTC to Cumberland or sell its reserves.

    according to market news: Bitcoin mining company MARA has just transferred 298 BTC to Cumberland, after announcing a new policy allowing the sale of its Bitcoin reserves. More Bitcoin miners are starting to resell assets. (CryptoQuant)

  • BNB falls below $640

     the market shows BNB falling below $640, currently at $639.84, with a 24-hour decline of 0.87%. The market is highly volatile, please manage your risks accordingly.

  • YZi Labs: Abnormal activity has been detected on the old official account @BinanceLabs. Please unfollow and avoid interaction.

    YZi Labs official issued a warning on social media, stating that they detected abnormal activity from the old account @BinanceLabs. To ensure user safety, please unfollow the old account and avoid interacting with any posts, links, or private messages from that account.

  • BTC falls below $70,000

     the market shows BTC falling below $70,000, currently at $69,991.3, with a 24-hour increase of 1.15%. The market is highly volatile, please manage your risks accordingly.

  • Spot gold breaks through $5,200/ounce

    spot gold breaks through $5200/ounce, up 1.23% intraday.

  • Yi Lihua: I suggest CZ provide a better exit mechanism for crypto VCs; active capital is conducive to industry innovation.

    Liquid Capital (formerly LD Capital) founder Yi Lihua stated that the biggest problem in the crypto industry in recent years is the decline in innovation. This problem stems from two aspects: first, the previous US government tightened crypto policies, which should be resolved with the passing of the crypto infrastructure bill this time. Second, Binance requires projects to implement a 1+3 year lock-up mechanism for crypto VCs. It is believed that Binance's original intention was good, aiming to cultivate long-term investment thinking. The consequence of this mechanism now is that project teams, market makers, and liquidity providers on trading platforms 'run' first, while VCs gradually lose everything during the long unlocking period. VCs already bear the greatest risk in the primary market but also have to bear the latest exit risk, which is obviously contrary to traditional investment markets. The result is the collective disappearance of crypto VCs, making it difficult for quality entrepreneurs to raise funds and reducing industry innovation. A suggestion to Binance founder CZ is to provide crypto VCs with a better exit mechanism to activate VC capital activity, which will be beneficial to industry innovation and also more favorable for trading platforms to list quality assets.

  • Shaurya Malwa ·

    Pudgy Penguins launches its 'Club Penguin' moment, and the game doesn't feel like crypto at all

    Pudgy World went live with 12 towns, plot-based quests, and mini-games in what the team calls "one of the most technically advanced browser-based games ever created." The PENGU token jumped 9% on the news.

    Pudgy Penguins launches its 'Club Penguin' moment, and the game doesn't feel like crypto at all

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company