Bitcoin News Today: CRO faces correction after Trump Media's $1B bet sparks 150% surge

Cronos (CRO), the native token of the Cronos blockchain, has experienced a significant pullback, retreating approximately 15% following a sharp 150% surge triggered by a $6.42 billion investment from Trump Media Group. The deal, announced on August 26, 2025, included the acquisition of 6.31 billion CRO tokens, valued at $1 billion, and integration of the token into Trump Media’s Truth Social platform and the upcoming Truth+ streaming service [2]. This move positioned Trump Media as the largest single holder of CRO, controlling nearly 19% of the total supply [2]. The partnership was widely seen as a strategic step to transition CRO from a primarily exchange token into a broader Web3 utility asset [3].

In the immediate aftermath of the deal, CRO surged by 56% in a 24-hour period and over 135% in a week, pushing its price to $0.3384 and its market capitalization to $11.72 billion [1]. The token’s trading volume exploded as well, surging by over 2,000% to $2.31 billion [2]. Analysts at Crypto Front noted that CRO had just broken through the $0.26 resistance level and projected a potential climb to $1.54, representing a 355% price increase [1]. Despite the bullish momentum, technical indicators suggest a correction may be imminent. CRO is currently trading above $0.34, with key support levels at $0.30 and $0.28. A failure to hold these levels could lead to a retest of the $0.23 resistance level, a critical threshold that has historically hindered upward progress [2].

The partnership with Trump Media has also sparked renewed interest in other wallet and infrastructure tokens. For example, Best Wallet Token (BEST) has gained traction as a utility token offering transaction fee discounts, governance rights, and early access to new projects. BEST has raised over $15.2 million through a presale, with a staking APY of up to 88% attracting significant attention [1]. Meanwhile, Bitcoin Hyper, a layer-2 solution for the Bitcoin blockchain, has also seen growing interest as an infrastructure project with potential similar to CRO. With its canonical bridge and use of the Solana Virtual Machine, the project aims to enhance Bitcoin's utility for DeFi and NFTs [2].

Looking ahead, the sustainability of CRO’s rally will depend heavily on real-world adoption and continued demand from Trump Media’s treasury. The partnership must go beyond symbolic support and integrate CRO into daily operations, such as wallet payments and subscriptions, to maintain long-term investor confidence [2]. Additionally, regulatory developments could influence CRO’s trajectory. Trump Media has filed for a “Crypto Blue Chip ETF” with a 5% allocation to CRO, and another staked CRO ETF from Canary Capital is still pending. While delays in SEC approvals have pushed the timeline back to October 8, the inclusion of CRO in such products underscores its growing legitimacy as a regulated asset [3].

As CRO navigates this critical juncture, market observers are closely watching for signs of sustained adoption and macroeconomic clarity. If Trump Media continues to buy and utilize CRO, and the token maintains a strong technical profile, further price appreciation could follow. However, the current 15% correction highlights the volatility inherent in the market and the importance of cautious positioning as the token transitions into a new phase of its development.

Source:

[1] Why CRO Could Hit $1 After Trump Media Investment (https://cryptodnes.bg/en/cronos-price-prediction-why-cro-could-hit-1-after-trump-media-investment/)

[2] Cronos Price Prediction: CRO Surges 150% After Trump ... (https://icobench.com/news/cronos-price-prediction-cro-surges-150-after-trump-media-announces-partnership/)

[3] Cronos Crypto Price Prediction: Trump Media Buys $1B in ... (https://99bitcoins.com/news/altcoins/cronos-crypto-price-prediction-trump-media-buys-1b-in-cro-sending-price-soaring/)