The price of Cronos (CRO) has skyrocketed over the past two days. This movement has been driven by an initiative linked to the President of the United States.
CRO price skyrockets this week
The price of CRO peaked at $0.38 yesterday. The cryptocurrency had not reached this level in three years. The surge was extremely rapid: Cronos gained 148% in just over a day:
If we compare today’s CRO price to that of a year ago, the increase is particularly telling: +321%. However, it should be noted that the cryptocurrency is still a long way from its all-time high. In 2021, it reached $0.96, 64% higher than this morning’s exchange rate.
An initiative by the Trump clan and Crypto.com behind the rise
The reason for this unprecedented rise in the cryptocurrency is an announcement made by Crypto.com and Donald Trump, via his company Trump Media. The two companies announced the creation of Trump Media Group CRO Strategy, Inc. This is a treasury dedicated to the CRO token, which has one ambition: to become the entity holding the most Cronos in the world. The company plans to raise an insane $6.4 billion.
The CEO of Crypto.com welcomed this surge, pointing out that CRO had climbed to 16th place among the most capitalized cryptocurrencies at the time (currently 21st). The 24-hour trading volume exceeded $1.4 billion:
Gm.$CRO up another 51%, hits $10b marketcap on $1.4b of 24h trading volume.
The value of CRO under Trump Media Group umbrella now exceeds $2b.
— Kris | Crypto.com (@kris) August 28, 2025
New accusations of personal enrichment
The news once again raises questions about the US president’s enrichment ambitions, with the opposition accusing him of corruption. Donald Trump is increasing his private partnerships with the ecosystem, while using his position to issue decrees favoring cryptocurrencies.
This new episode highlights a particularly troubling gray area: Donald Trump is not only acting as president setting the economic course for the United States, he is also acting as a potential beneficiary of those same decisions.
But one thing is certain: the CRO seems to have secured its future. Crypto.com’s cryptocurrency, which has been in decline in recent years, has clearly found a particularly solid foothold. However, caution is advised: treasury companies announced with great fanfare can sometimes fail, as we saw recently with the failure of a Solana treasury company.
