Cronos Gives Back Trump-Fueled Gains

[cryptohog]

Cronos (CRO), the native token of Crypto.com’s Cronos Chain, has tumbled back below $0.19, erasing most of the 40% rally it saw after Trump Media & Technology Group announced a joint $6.4 billion Cronos treasury on Aug. 26.

According to CoinGecko, Cronos’s market cap has shrunk by more than $6 billion, pushing it out of the top 30 cryptocurrencies to rank 33rd. Critics on X and Reddit now question the token’s utility and demand, while others blame a broader crypto sell-off.

[Rimon Khan]

Cronos losing $6B in market cap and dropping out of the top 30 shows how brutal this sell-off is.

[EmTeam]

The hype from the treasury plan faded fast—now questions about CRO’s real utility are louder.