Cronos, the native cryptocurrency of the Cronos chain backed by Crypto.com, increased to the maximum of several years after the news of the cro strategy of the Trump media group.
On Tuesday, Trump Media and Technology Group announced the launch of a joint treasure of $ 6.4 billion chronos with Crypto.com and Yorkville Acquisition.
Cronos (CRO) increased 25% to $ 0.20 within hours after the ad, before rising more than $ 0.23 on Wednesday, its highest level since May 2022, according to Coingcko data.
The news has caused mixed reactions within the community, since some CRO holders were optimistic, while others expressed skepticism towards the influence of political figures.
Trump Media Cro holdings are $ 1.5 billion
In the middle of Cro that rose to the maximum of several years, the CEO of Crypto.com, Kris Marszalek, arrived at X on Wednesday to inform that Crypto’s asset had increased 40% after the announcement of the CRO strategy of the Trump media group.
Trump Media (DJT) shares pink 5% in the news, said Marszalek, added: “The value of CRO maintained under the umbrella of the Trump media group now to more than $ 1.5 billion.”
The Trump Media Group Cro Strategy announcement occurred almost four years after the launch of Cronos in Mainnet Beta in early November 2021.
Cro still far from the maximums of all time
After passing through $ 0.23, Cro market capitalization rose above $ 7.8 billion, winning more than 44%.
Despite reaching the maximum of several years, CRO remains around 300% below its historical peak of $ 0.965 registered a few days after the official launch of Cronos Mainnet in 2021.
Before the launch of the Cronos chain, Cro was known as Crypto.org Coin (Cro), an ERC-20 token in the Ethereum block chain that was created By Crypto.com Founders in November 2018.
In March 2021, Crypto.com made the transition from CRO to its own open -source decentralized block chain, the Crypto.org chain. Shortly after launching Cronos, the exchange renamed the Token to Cronos in February 2022.
Mixed reactions
In the midst of the demonstration, Cronos rose in the classification of the main cryptography assets for market capitalization, becoming the 28th largest cryptographic asset for a publication time, according To Coingcko.
Some social media commentators expressed optimism about Cro, suggestion that the asset “deserves a permanent place in the Top 10”.
Others were more skeptical, noting that Cronos canceled a cro tokens burn of 70 billion in March 2025, despite originally announcing the burn in 2021.
Related: Crypto Ventures de Trump produces $ 2.4b since 2022: Report
“You gave them 6 billion cro of the files that should be burned forever,” a commentator wrote In X.
Some skeptics also expressed concern about the influence of political figures on the price of Cro.
“Great, so now my crypto portfolio depends on what some politician says or does. Just what everyone wanted. Can we have something that is not infected by politics?” Another poster wrote.
Magazine: Bitcoin is ‘Money Funny Internet Money’ during a crisis: Tazos Cofunder
