Cronos Rallies 103% After Crypto.com-Trump Media Partnership
Cronos (CRO) has experienced quite a price surge after a new partnership was announced between Crypto.com and Trump Media. CRO is the native token of the Crypto.com exchange. According to CoinGecko, CRO’s price has surged 103% over the last week, 86.9% in the 14-day charts, 106.6% over the last month, and 257.3% since August 2024. Despite the incredible rally, CRO has faced a steep 13.9% correction in the previous 24 hours. Source: CoinGecko What Is The Partnership Between Crypto.com And Trump Media? Source: Bitcoin News Earlier this week on Aug. 26, Trump Media, the company behind the Truth Social platform, announced a SPAC deal with Crypto.com and Yorkville Acquisition Corp. Yorkville Acquisition Corp is a blank-check company. The deal aims to form a new digital-asset treasury firm called Trump Media Group CRO Strategy. The treasury will focus on accumulating Cronos (CRO). According to reports, the deal is backed by $1 billion worth of CRO tokens. Moreover, there will be $420 mi...