Trump Media Deal Ignites Explosive Demand and Price Boom for CRO

TL;DR CRO’s price rallied 138% weekly and 55% daily, reaching $0.36, its highest level since 2022. On-chain activity spiked, with 2,700+ active addresses and 15,000 transfers recorded in one ￰0￱ open interest hit $187M, surpassing previous peaks, showing record leveraged speculation in ￰1￱ Price Hits Multi-Year Peak Cronos (CRO) has broken out with one of its largest moves in ￰2￱ token is up more than 138% in a week and 55% in the past 24 hours, trading at $0.36 after it peaked at $0.38 earlier ￰3￱ rally takes CRO to its highest level in over three ￰4￱ data shows a capitalization of $11.52 billion and daily turnover of $3.71 billion, with trading volume up 166% in one ￰5￱ rally follows news of the recently announced partnership between Trump Media and Crypto.

com. Consequently, the deal includes token purchases, credit lines with Yorkville Acquisition Corp., and broader coverage tied to the Trump ￰6￱ news brought CRO into the spotlight, attracting both retail and institutional ￰7￱ had been under pressure for much of the year, trading in a downtrend until late July. A slow recovery started in early August, but the latest announcement accelerated the ￰8￱ days, the token reversed its year-long losses and pushed sharply ￰9￱ Activity Surges On-chain activity rose alongside the ￰10￱ from CryptoQuant shows active sending addresses climbing above 2,700 on August 27, the highest level in almost a ￰11￱ averages had been closer to 500 before the spike.