Did Trump Just Wreck Crypto.Com? Cronos Plummets Following Trump’s Golden Touch
Cronos loses billions in a matter of weeks as the rally connected to Trump loses steam, prompting new concerns about demand and the execution of deals.
Crypto.com’s crypto token Cronos (CRO) dropped towards pre-announcement figures on Friday, relinquishing most of the gains made post last month’s strategic alliance news with Trump Media & Technology Group (TMTG).
Since hitting a high on Aug. 26, CRO has seen a decline of over $6Bn in crypto market capitalization. The crypto token was trading around $0.19 today, representing a decrease of approximately -17% for the week, and is currently positioned in the mid-30s in terms of market-cap ranking.
CRO’s “Trump trade” has come full circle. The $6.4 billion treasury plan led to a sharp rally in late August, yet the crypto token has since retraced most of those gains.
Future demand appears less connected to headlines and more about actual outcomes: whether treasury purchases occur, regulatory responses, and if Cronos experiences increased on-chain activity.
Currently, CRO’s pricing reflects general crypto market sentiment. Traders are particularly focused on two factors: developments on the SPAC listing and indications that treasury funds are being utilized.
The decline coincides with a risk-off sentiment in the crypto markets, with BTC falling below $110,000 and the Fear & Greed Index dropping into “fear” territory around 29-32.
TMTG committed $105 million in CRO purchases, while Crypto.com consented to acquire $50 million in DJT stock. CRO surged by 25-30% following the update before momentum waned.
Uncertainty continues to surround regulatory measures. The SPAC structure still awaits SEC approval, with no defined timeline established. This has left traders in doubt about execution.
Crypto.com CEO Kris Marszalek did not specifically address CRO’s price this week. Instead, he highlighted broader initiatives, stating on X that the exchange endorses the CFTC’s new tokenized-collateral framework “including CRO.”
Proud that https://t.co/pFc4Pz9nFR has become a leader in servicing some of the leading digital asset treasuries driving market demand for our custody services exponentially. As part of that work, we will be moving large sums from our trading network to our custody business. You will see this…
— Kris | Crypto.com (@kris) September 26, 2025
Any SEC filings or approvals for the new structure, coupled with revealed CRO acquisitions or earning yield activities related to TMTG, could influence the immediate landscape.
Until that happens, CRO’s upcoming movements are expected to reflect broader cryptocurrency trends—waiting for clearer indicators concerning both crypto law and execution.
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Cronos Price Outlook Following Trump Involvement: What Is Propelling Cronos (CRO) Towards a 350% Upside Target?
Analyst Javon Marks foresees potential for a significant increase. His target price is $0.8868, which exceeds current levels by more than 350%. His chart indicates renewed uptrend momentum after a lengthy consolidation.
$CRO (Cronos) –
Target @ $0.8868 (Over +350% Upside) https://t.co/LhX2NVLLeq pic.twitter.com/ps9vVA1iUM
— JAVON
CRO ▼-0.85% dropped significantly from its 2021 peak, spending the majority of 2022–2023 in a sideways trend. It broke out of a descending wedge, a formation that typically signals the conclusion of substantial selling.
Since then, it has recorded higher lows and consistently higher highs.
The coin recently surged to the $0.30 range and then retreated. This appears to be a standard pause following a vigorous advance. The larger trend still indicates an upward trajectory.
Analyst expectations set $0.8868 as a significant long-term target, a price point that coincides with barrier level from prior cycles. Conversely, support is located within the $0.16-$0.18 zone, an area where buyers have historically entered the crypto market to uphold prices during declines.
Between these levels, CRO will encounter temporary barriers around $0.40-$0.50, a region that has previously acted as a token supply area and could challenge bullish momentum before any larger price breakout.
As long as CRO maintains above the $0.16-$0.18 range, its bullish pattern remains intact. Momentum indicators still indicate a positive trend despite the recent pullback.
Tokens connected to exchanges and utility assets are receiving renewed interest as crypto holder sentiment stabilizes. Technical breakouts like that of CRO can draw in volume and available volume, potentially fueling follow-up movements.
The journey will be tumultuous. Anticipate price swings within the $0.40-$0.50 range. A failure to maintain above the $0.16-$0.18 zone would undermine the bullish scenario.
The chart suggests an upward trajectory as long as supports hodl. Should momentum strengthen and temporary barrier level be overcome, CRO could aim for Mark’s $0.8868 target. If key levels are breached, this perspective could shift rapidly.
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The article Did Trump Just Rekt Crypto.Com? Cronos Drops After Trump’s Midas Touch first appeared on 99Bitcoins.
