Well, I say, old bean, what a spiffing turn-up for the books! Cronos, the plucky little cryptocurrency of the Crypto.com chaps, has gone and done a jolly good bound, leaping to heights not seen since the days when one’s aunt still thought blockchain was a type of fence. All this hullabaloo, mind you, on account of the Trump Media Group’s CRO Strategy launch. 📰💼
On Tuesday, the Trump Media and Technology Group-yes, the very same-announced a rather staggering $6.4 billion Cronos treasury, in cahoots with Crypto.com and Yorkville Acquisition. Blimey, that’s enough to make one’s wallet do a little jig! 💃💸
Cronos (CRO), the little rascal, shot up 25% to $0.20 faster than Jeeves can mix a martini, and by Wednesday, it was tiptoeing past $0.23, its highest since May 2022. According to CoinGecko, no less. 📈🕵️♂️
Now, this news has caused quite the kerfuffle in the community, what? Some CRO holders are as chuffed as a pig in muck, while others are eyeing the whole affair with the sort of skepticism usually reserved for Aunt Agatha’s latest get-rich-quick scheme. 🤔🤨
Trump Media’s CRO Holdings: A Cool $1.5 Billion
As Cronos was busy scaling the heights, Crypto.com’s CEO, Kris Marszalek, popped up on X (formerly known as Twitter, don’t you know) to chirp that the crypto asset had surged 40% following the Trump Media Group’s announcement. Trump Media (DJT) shares, not to be outdone, rose 5%. “Value of CRO held under Trump Media Group umbrella now at over $1.5 billion,” he trilled. 🧑💼💰
All this comes nearly four years after Cronos launched its mainnet beta in November 2021, which, if you’ll recall, was just before Bertie Wooster’s last spot of bother with a troublesome aunts’s engagement ring. ⏳💍
CRO Still Shy of Its All-Time Highs
After breezing past $0.23, CRO’s market capitalization swelled to over $7.8 billion, a jolly 44% gain. But hold your horses, old sport-it’s still a far cry from its all-time peak of $0.965, achieved just days after the Cronos mainnet launch in 2021. 🏔️📉
Before the Cronos Chain came along, CRO was known as Crypto.org Coin (CRO), an ERC-20 token on the Ethereum blockchain, hatched by the Crypto.com founders in November 2018. In March 2021, they decided to give it its own blockchain, the Crypto.org Chain, and soon after, rebranded the token to Cronos in February 2022. Quite the makeover, eh? ✨🔗
Mixed Reactions, As Per Usual
Amidst all this hullabaloo, Cronos has climbed the ranks, becoming the 28th biggest crypto asset by market cap, according to CoinGecko. Some social media types are positively giddy, suggesting CRO “deserves a permanent spot in the top 10.” Others, however, are as skeptical as a cat at a cucumber convention, pointing out that Cronos canceled a 70 billion CRO token burn in March 2025, despite promising it back in 2021. “You gave them 6 billion CRO from the tokens that were meant to be burnt forever,” one wag quipped on X. 🔥😾
And then there are those who are none too pleased about the political influence on CRO’s price. “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 wailed. 🗳️🤦♂️
Well, there you have it, old bean. Cronos is on the up and up, but whether it’s a dash of genius or a spot of bother remains to be seen. One thing’s for certain-it’s all rather spiffing to watch! 🎢🍿
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2025-08-27 16:35