Cronos (CRO) Price Rallies 164% Following Trump Family Partnership Announcement
The cryptocurrency CRO of the Cronos blockchain surged 60% today, trading at $0.36, marking a 164% increase over the past week. This rally follows the announcement of a $6.4 billion partnership involving Trump Media, Crypto.com, and Yorkville Acquisition Corp., aimed at establishing a crypto treasury focused on acquiring CRO.
Key points include:
- Cronos' market cap reached $12.63 billion.
- Daily trading volume increased by 150% to $2.58 billion.
- The partnership will involve over $1 billion in direct CRO purchases and integration into Trump Media platforms for payments and rewards.
- Cronos’ roadmap for 2025-2026 emphasizes ecosystem expansion and user adoption.
- Addresses holding 10,000-10 million CRO surged, prompting retail interest.
- Record open interest of $181 million in futures supports the price rally.
- Total value locked (TVL) in Cronos DeFi ecosystem rose 27% to $1.24 billion.
- Revenue from DeFi applications increased from $63,800 to $225,000 within a week.
- Target price for bulls is above $0.40, with potential analysts' projections reaching $0.8868.
Additionally, the meme coin Maxi Doge raised $1.62 million shortly after its launch, offering a staking reward of 187% APY. Key details include:
- Ticker: MAXI
- Network: Ethereum
- Token Price: $0.0002545
- Funds Raised: $1.62 million