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CRO Plunges to New Lows as Trump Media Cancels Crypto.com Deals

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

The entity behind Truth Social, Trump Media, announced plans to partner with Crypto.com and Yorkville Acquisition last year but has now backed off due to 'prevailing market conditions' and changing priorities.

The original plan involved acquiring $1 billion worth of CRO supplied by Crypto.com and a $5 billion credit facility.

Crypto.com was also set to service certain ETFs from Yorkville America, but this collaboration has been scrapped.

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