Cronos Plummets Below $0.053 After Trump Media Cancels Partnership with Crypto.com

Cronos (CRO) has plummeted to below $0.053 after Trump Media terminated its partnership with Crypto.com, which was announced in August 2025 as a $6.42 billion treasury deal. The proposed venture included $1 billion in CRO tokens and a $5 billion credit facility.

Interim CEO Kevin McGurn stated that the CRO Strategy venture has been pulled due to prevailing market conditions and stakeholder priorities, highlighting the constraints facing crypto treasury strategies built around less-liquid altcoins like CRO.

Cronos is down 13.8% over the past week and likely headed for further drawdown, having already fallen below its all-time high of $0.89 made in November 2021.