In a twist of fate that could only occur in the wild, wild west of cryptocurrency, CRO, the darling of the Cronos chain, soared an astonishing35% post-Trump Media’s handshake with Crypto.com. But, hold your digital horses! Whispers of a scam echo louder with each passing moment, fueled by a suspicious minting spree of70 billion tokens right before the ink dried on the partnership deal. The irony? As CRO prices danced upwards, seasoned players wagged their fingers, cautioning the eager retail crowd to think twice before diving in.
ZachXBT Unveils Cronos’ Curious Conundrum
ZachXBT, the blockchain detective extraordinaire, points an accusatory finger at Crypto.com, the mastermind behind Cronos Chain. The charge? Reversing a2021 token burn and playing a game of smoke and mirrors with its community. “Forever” burned tokens, amounting to a whopping70% of the total supply, have made a miraculous comeback, he claims, raising more than a few eyebrows. In a tweet that sent shockwaves, he quipped:
“Once upon a time, CRO had100 billion tokens. Then, poof,70 billion vanished into thin air—’forever,’ they said. Fast forward to now, and those vanished tokens are back, like a magician pulling coins from behind your ear.”
This resurgence of tokens, timed perfectly with Crypto.com’s alliance with Trump Media, has the community wondering if “CRO” stands for “Crypto’s Real Oops.” ZachXBT, unimpressed, likens it to a classic scam.
He also scratches his head over Crypto.com’s partnership prowess amidst such shady tactics, jesting, “Why would Truth Social pick you over Coinbase, Kraken, or Gemini after pulling a stunt like that?”
Trump Media & Crypto.com: A Match Made in Crypto Heaven?
On Monday, Trump Media, the brainchild of none other than Donald Trump, joined forces with Crypto.com. Their mission? To launch a series of ETFs and ETPs, championing ‘Made in America’ digital assets. Among the stars of this financial show are Bitcoin (BTC) and Crypto.com Coin (CRO). The grand unveiling is set for later this year, though it hangs on the whims of regulatory approval.
“Thrilled to partner with Donald Trump’s Truth Social for a series of ETFs, including the world’s first ETF with CRO!”
This announcement sent CRO prices into a frenzy, jumping35% to breach the10-cent mark, with trading volumes ballooning by a jaw-dropping1300% to $278 million.
Will CRO’s Price Ride the Rollercoaster?
Despite CRO’s meteoric rise, market analysts are preaching caution. The sudden influx of tokens and the distant reality of a CRO ETF have them urging investors to tread lightly. The initial excitement, they warn, might fizzle out faster than a shooting star.
Forecasters predict CRO might play coy around10 cents for most of2025. Yet, some dreamers already envision a rally to $1, fueled by Trump’s golden touch. Indeed, Trump’s foray into crypto has often sparked fireworks, with the TRUMP meme coin basking in renewed attention.
Read More
- Best Crosshair Codes for Fragpunk
- Wuthering Waves: How to Unlock the Reyes Ruins
- How to Get Seal of Pilgrim in AI Limit
- Enigma Of Sepia Tier List & Reroll Guide
- Gaming News: Video Game Workers Unite with New Union Effort
- Kraken’s $1.5B NinjaTrader Deal: Is This the Future or Just a Fad?
- Final Fantasy Pixel Remaster: The Trials of Resurrection and Sleeping Bags
- Are We Actually Witnessing a Crunch Time for ADA? 😲📈
- Hollow Era Private Server Codes [RELEASE]
- Shocking NFT Sales Surge! But Where Did Everyone Go? 🤔💸
2025-03-25 10:08