🔥In an electrifying move shaking the crypto markets, Cronos (CRO) rocketed to a multi-year high, surging 47% within 24 hours following the blockbuster announcement of a $6.4 billion partnership between Trump Media and Crypto.com. The explosive rally has vaulted CRO back into the top 30 cryptocurrencies by market cap, with trading prices spiking as high as $0.29 after lingering below $0.10 for months.
The spectacular price surge was ignited when Trump Media revealed plans to launch Trump Media Group CRO Strategy, Inc.—a publicly traded digital asset treasury company dedicated exclusively to acquiring CRO tokens. This groundbreaking venture, formed as a joint partnership between Trump Media, Crypto.com, and Yorkville Acquisition Corp, is one of the largest institutional investments ever in cryptocurrency, fueling massive buying pressure in the market.
The #liquidity injection involved acquiring roughly 6.3 billion CRO tokens—about 19% of total supply—valued at $1 billion, alongside $200 million in cash and a $5 billion credit facility. The new treasury firm is set to be listed on Nasdaq under the ticker symbol MCGA (Make CRO Great Again), marking a historic step in CRO’s institutionalization and signaling bullish momentum ahead.
But the story doesn't end there. Cronos's integration into the Truth Social platform by #Trump Media adds huge utility potential. Users will soon be able to convert social media "gems" into CRO tokens, using them for subscriptions, payments, and premium services, igniting a new wave of real-world application and adoption.
Volume exploded in tandem, with trading activity surging over 1,400%, validating investor enthusiasm and fueling further excitement on Binance as one of its trending coins. While CRO still trades significantly below its November 2021 all-time high near $1, the foundation laid by this partnership, ecosystem upgrades, and growing #DeFi activity paint a promising future trajectory.
Binance users watching the altcoin space closely now have CRO firmly on their radar, as this defining moment could herald the next major #crypto breakout. Stay tuned and watch CRO as it rides this unprecedented wave of momentum fueled by this historic $6.4 billion partnership and strategic treasury play.
