Well, gather round, my dear friends, for it appears that our old pal Cronos (CRO), the dashing token from that bustling bazaar known as Crypto.com, has done the unthinkable and leapt forth like a startled kangaroo following a rather audacious partnership with none other than President Donald Trump’s latest social escapade, Truth Social. Can you believe it? 🎉
On the splendid date of March 24, Crypto.com decided to join forces with the grandiose Trump Media (because nothing says “trust” like that name) to unleash a cornucopia of crypto-backed exchange-traded funds (ETFs) and exchange-traded products (ETPs). Apparently, these will include investment treasures connected to the illustrious Bitcoin, or BTC, which is currently strutting about at a breathtaking $87,279! 🤑
🚨NEW: @realDonaldTrump’s media company Trump Media, parent company of Truth Social, has
announced a partnership with @cryptocom to launch a series of ETFs and ETPs “comprised of digital assets as
well as securities with a Made in America focus spanning diverse industries such as…— Eleanor Terrett (@EleanorTerrett) March 24, 2025
Thanks to this audacious announcement, our dear CRO token pranced to a local high of $0.115 before indulging in a wee bit of a champagne cork moment. A minor dip aside, it still boasts a raucous 30.3% increase within the past 24 hours, currently trading at a very respectable $0.107. Not too shabby, eh?
However, it seems that the afterglow didn’t last long before the crypto community decided to don its heavy boots of criticism once again. Just days earlier, on March 19, the Crypto.com CEO, the enigmatic Kris Marszalek, made a grand proclamation on X, declaring a whopping $1.5 billion in revenue for the year of our Lord, 2024. 🎊
Who Brings Back 70B Tokens? Crypto.com, Obviously
Now, allow me to refresh your memories regarding a rather peculiar incident from 2021 when Crypto.com burned a staggering 70 billion CRO tokens—about 70% of its total supply, I daresay—hoping to boost the remaining assets’ value. A noble endeavor, indeed!
Fast forward to the modern age of March 2, when Cronos announced with great aplomb that it intended to mint back those very 70 billion tokens for its “Cronos Strategic Reserve.” A proposal that proved more popular than a cat video on the internet, gathering over 62% approval. 🐱
Needless to say, this decision set off a veritable firestorm among the crypto populace, who began to suspect that Crypto.com might have been indulging in a bit of excessive voting power. 🎭 It’s almost like watching a bad magician perform—how many times can one pull a rabbit out of the hat before we notice the trapdoor?
CRO is no different from a scam. Your team just reissued 70B CRO a week ago that was previously burned “forever” in 2021 (70% total supply) and went against the community wishes as you control the majority of the supply. Unsure why Truth would choose a partnership with your exchange…
— ZachXBT (@zachxbt) March 25, 2025
Some astute members of the community suggested that perhaps Crypto.com could consider using its freshly minted revenue to buy back some of the existing CRO circulating supply instead of conjuring new tokens from thin air. A splendid suggestion, really! But then again, where’s the excitement in that? 🤔
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2025-03-25 16:21