Cronos Plunges Below $0.053 as Trump Media Terminates Treasury Deal with Crypto.com
Cronos, the native token of Crypto.com's ecosystem, has plummeted below its crucial $0.053 support level after Trump Media terminated its treasury deal with the exchange.
The partnership, announced in August 2025 as a $6.42 billion treasury play, included a $1 billion investment in Cronos tokens and a $5 billion credit facility.
Interim CEO Kevin McGurn cited the constraints facing crypto treasury strategies, particularly those built around less-liquid altcoins like CRO, which has a smaller market capitalization compared to Bitcoin (BTC) and Ethereum (ETH).
The termination of the Trump Media deal comes amidst a bear market that has been weighing on Crypto.com's expansion plans.