Trump Media Engages Cronos Large holder Acquisition: CRO Price Forecast For September?
Trump Media and Technology Group has finalized a significant crypto asset deal with Crypto.com, acquiring 684.4M Cronos (CRO) tokens. Will the price of CRO surge in September following this agreement?
The transaction was valued at $105M, and the arrangement was confirmed on Sept. 5. Trump Media, owner of Truth Social, announced that the deal consisted of both stock and cash components.
Trump Media and https://t.co/vCNztATkNg have finalized their purchase agreement today, with Trump Media securing its acquisition of 684.4 million $CRO to be securely held and staked with https://t.co/vCNztATkNg Custody.
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https://t.co/dugLghtx7r pic.twitter.com/82HNBzsTUh
— Crypto.com (@cryptocom) September 5, 2025
Half of the transaction consisted of Trump Media stock, while the other half was provided in cash. This arrangement granted Crypto.com a stake in the company.
The transactional structure allocates 50% in Trump Media stock and 50% in cash, which gives Crypto.com an equity stake within the company.
As reported by Globalnewswire, Devin Nunes, CEO and Chairman of Trump Media, remarked,
“Trump Media is thrilled to have closed this agreement and to swiftly start our strategic partnership with Crypto.com. We believe that CRO has remarkable potential to widely disseminate as a versatile utility coin and a superior means of secure, fast payment and money transfer, and we are eager to integrate this innovative asset into our financial portfolio.”
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CRO Price Prediction: Will Trump Media’s Large holder Purchase Affect CRO Price in September?
According to Tradingview data, the price of CRO is currently at $0.2652, reflecting a decrease of -0.59% over the last 24 hours.
(Source – CRO USDT, TradingView)
A crypto analyst posted the chart on X, highlighting critical Elliott Wave counts and Fibonacci retracement levels that could influence CRO’s subsequent movements.
$CRO has now hit the first price floor level in this correction, which stands at $0.266. https://t.co/relPNmtHHx pic.twitter.com/n9yAH3fNpE
— More Crypto Online (@Morecryptoonl) September 5, 2025
CRO is in a consolidation phase after a significant upward spike, now testing the 23.6% Fibonacci retracement area at $0.266. This marks its first substantial price floor level.
If selling pressure persists, the next price floor levels to monitor are $0.210 (38.2%), $0.173 (50%), and $0.143 (61.8%). These points may present deeper price floor zones.
The chart continues to indicate a optimistic outlook, suggesting that CRO might be in the early phases of a wave III extension.
Should momentum remain strong, the crypto token could aim for $0.396 (138%), $0.537 (161.8%), and $0.877 (200%). A long-term push could extend to $1.43 (238%).
For the moment, the $0.266 level is crucial. A bounce from this threshold may ignite buying interest, propelling CRO towards the $0.39-$0.53 resistance range. Conversely, if this support falters, the price might retreat to the $0.21-$0.17 range, hampering the larger upward trend.
In summary, CRO’s trajectory hinges on whether buyers will defend the $0.266 mark. Traders are keenly observing to see if the uptrend Elliott Wave configuration can be maintained.
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The article Trump Media Close Cronos Whale Buy: CRO Price Prediction For September? was first published on 99Bitcoins.
