Cronos (CRO) just staged one of its biggest breakouts in months. The Cronos coin price surged nearly 28% in 24 hours, topping $0.20 for the first time since December 2024, after news broke that Trump Media & Technology Group is buying 6.31 billion CRO tokens (≈$1B) and integrating Cronos into Truth Social as its platform token.
The last time the Crypto.com native showed this kind of sudden increase was in November 2024. That’s when Cronos Labs, a startup accelerator for the Cronos blockchain ecosystem, announced several updates, including a continuation of its partnership with Google Cloud.
Moreover, the latest move makes Trump Media the largest CRO holder in the world, locking up nearly 19% of the total supply.
Combined with its earlier $105 million treasury purchase, the company now controls almost 7 billion CRO coins, backed by a new Nasdaq partnership and a $5 billion credit line from Yorkville America Digital earmarked for further acquisitions.
Cronos Volumes Explode Amid Truth Social Deal and ETF Hype
The immediate impact of the Trump Media deal was felt across CoinMarketCap leaderboards, where CRO topped the day’s gainers with an almost 30% move and a more than 1,060% volume jump to $551 million.
On-chain metrics back the surge. According to Cronoscan, CRO active addresses spiked to 20,465 on August 22, the highest in over a year, suggesting renewed retail and DeFi activity on the Cronos chain.
ETF speculation is also adding fuel. The SEC has delayed its decision on Trump Media’s proposed “Crypto Blue Chip ETF” (with 5% CRO exposure) until October 8. Meanwhile, Canary Capital’s Staked CRO ETF filing remains under review.
While the delays introduce uncertainty, the fact that CRO is included in multiple ETF proposals cements its reputation as a compliance-friendly asset.
CRO Price Action: Indicators Flash Strong Buy
The Trump Media partnership has shifted CRO’s narrative from an exchange token to a potential Web3 social media utility coin, aligning with pro-crypto political sentiment and an institutional-grade treasury strategy.
If the company follows through with its plan to stake billions of Cronos and integrate it across Truth Social, the supply shock could reshape CRO’s long-term valuation.
According to technical data, the CRO price has confirmed a major bullish breakout. The token ripped through its 200-day EMA at $0.113 and reclaimed the 23.6% Fibonacci retracement at $0.161, before consolidating around $0.198.
CRO/USDT chart | TradingView
Indicators lean strongly bullish. On TradingView, the RSI is near 74, signaling strength but edging toward overbought territory. The MACD has crossed positive, while moving averages across all major timeframes show “Strong Buy.”
Analysts suggest $0.22 as the immediate resistance, with the next Fibonacci level at $0.24. Sustained closes above $0.22 could set the stage for a multi-week rally, primarily if Trump Media executes its Truth Social tokenization roadmap.
