- The price of Cronos (CRO) climbed over 46% to a $0.2867 high in the last 24 hours after releasing its new roadmap and rising institutional attention.
- Trump Media and Technology Group and Crypto.com’s announcement that they will build a $6.42 billion CRO-focused digital asset treasury catalyzed renewed optimism in the token.
Price Performance of Cronos (CRO)
Cronos (CRO) emerged as the biggest gainer in the cryptocurrency market in the last 24 hours. The native token of the Cronos Chain notably jumped by over 46% from a $0.1952 low to a $0.2867 high intraday this Wednesday, before retracing to $0.26 as of writing at 4:00 PM UTC.
On Wednesday noon, CRO’s trading volume spiked by over 100% as over $1.1 billion worth of the asset moved across wallet addresses. Meanwhile, the latest developments elevated the market cap of the token’s 33.58 billion circulating supply to $9.61 billion.
In the longer timeframes, Cronos has grown over 85% in a week, 91% in a month, and 216% in a year. Despite its recent progress, CRO remains significantly down from its all-time high of $0.9698 four years ago, but several bullish narratives could hold the key to its rise to all-new heights.
Trump Group to Stockpile $6.42M CRO in Digital Asset Treasury
According to Crypto.com CEO Kris Marszalek, Trump Media and Technology Group (TMTG) holds around $1.5 billion worth of CRO. On Monday, the Trump Group announced partnering with Crypto.com and Yorkville Acquisition to establish a digital asset treasury (DAT) focused on stockpiling CRO.
The parties’ goal is to raise at least $6.42 billion to acquire Cronos tokens for the Trump Media Group CRO Strategy. The numbers will include the $1 CRO already held by the Trump Group, $420 million in cash warrants, and $5 million credit line from a Yorkville affiliate.
Along the way, Marszalek revealed that Truth Social, a subsidiary of TMTG, will adopt CRO as its “platform token.” The social media platform plans to use the token for its updated rewards system to incentivize users.
The announcement turned out to be the primary driver of CRO’s recent rally, which carried over today.
Cronos Unveils New Roadmap
Cronos’ release of its chain’s 2025-2026 roadmap reinforced the bullish sentiment in CRO. The chain believes 2025 signals the “inflection point” for CRO, as blockchain adoption undergoes exponential growth.
The new roadmap lays down how Cronos plans to seize the opportune moment to lay the foundation for open and AI-accessible tokenized markets right on its chain, drive CRO’s retail adoption via Crypto.com, and launch a spot CRO exchange-traded fund in the US. Furthermore, the company said the three growth engines will form a unified strategy to accelerate CRO’s adoption, liquidity, and market leadership.
In light of its latest price action, CRO now ranks 19th in the crypto market in terms of market cap.
Reminders: Readers should not construe the information presented in the article as financial advice or endorsement of any investment product without consulting their own financial advisers.
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