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CRO Crashes as Trump Media Abandons Crypto.com Deals

Guavy AI Editorial Team
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The native token of Crypto.com, CRO, has plummeted to its lowest price since late 2023 after Trump Media canceled two major deals with the exchange.

Trump Media's plans to complete several deals with Crypto.com, announced over a year ago, have been scrapped due to 'prevailing market conditions' and changing business priorities.

The original plan included an ETF deal and the accumulation of $6.4 billion in CRO by Trump Media, but it has now been mutually terminated by all parties involved.

The cancellation comes as Trump Media focuses on its internal developments and a pending merger with a fusion energy company, TAE.

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