Truth Social

Greed

Cronos

Trump Media

Cronos, the native cryptocurrency of Crypto.com’s Cronos Chain, has faced significant selling pressure since the launch of the Trump Media Group CRO Strategy last month.
On Aug. 26, Trump Media and Technology Group (TMTG), the operator of Truth Social and majority-owned by the Donald J. Trump Revocable Trust, <a href="https://cointelegraph.com/news/trump-media-crypto-com-yorkville-launch-cro-treasury" rel="noopener noreferrer nofollow">announced a joint $6.4 billion</a> Cronos (<a href="https://cointelegraph.com/cronos-cro-price-index" rel="noopener noreferrer nofollow">CRO</a>) treasury.
The announcement sparked an <a href="https://cointelegraph.com/news/cronos-surge-40-trump-media-group-cro-strategy" rel="noopener noreferrer nofollow">immediate 40% rally in CRO’s price</a>. However, since then, the token has steadily declined, almost erasing those gains as CRO tumbled below $0.19 on Thursday, approaching pre-announcement levels, <a href="https://www.coingecko.com/en/coins/cronos" rel="noopener noreferrer nofollow" target="_blank">according</a> to CoinGecko data.
Amid the price decline, many in the community have questioned demand for the token supported by Trump-linked TMTG, while Crypto.com CEO Kris Marszalek has so far avoided publicly addressing the price drop.
<h2 id="cronos-market-cap-sheds-6-billion">Cronos market cap sheds $6 billion</h2>
Since the peak of the Trump news-driven rally, Cronos has lost more than $6 billion, or nearly 50% of its market cap, amounting to $6.6 billion at publication.
The token has also dropped out of the top 30 crypto assets by market cap, currently ranking as the 33rd biggest coin by market value, <a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow" target="_blank">according</a> to CoinGecko.
Some online commentators remained hopeful about further CRO price action, while some market observers pointed to the lack of CRO’s utility and demand.
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 <img src="https://s3.cointelegraph.com/uploads/2025-09/01998634-781f-77d9-bbb7-103b67ec4a8b" title="" alt="Crypto.com’s Cronos erases Trump pump gains, community questions demand">
 <figcaption style="text-align: center;">
 Source: CrypT.0 (<a href="https://x.com/humbledpath/status/1969820487191875678" rel="noopener noreferrer nofollow" target="https://x.com/humbledpath/status/1969820487191875678">humbledpath</a>)
 </figcaption>
</figure>
“You need to demand real change. $CRO once again is going to fully retrace the Trump pump. There is 0 demand for this token. The chain is a ghost town, users are non-existent,” one commentator wrote on X on Sunday.
One Reddit user <a href="https://www.reddit.com/r/cro/comments/1nq9smk/comment/ng57ohu/?utm_source=share&amp;utm_medium=web3x&amp;utm_name=web3xcss&amp;utm_term=1&amp;utm_content=share_button" rel="noopener noreferrer nofollow" target="_blank">commented</a>, “We’re getting rugged, just as I expected when that partnership was announced,” reflecting growing skepticism among community members.
<h2 id="broader-sell-off">Broader sell-off?</h2>
Some market watchers were more optimistic about Cronos, highlighting that the CRO price came in line with a broader sell-off on crypto markets.
“It’s a blood bath right now. The entire market is tanking. Has nothing to do with CRO. September’s are usually like this,” another Redditor <a href="https://www.reddit.com/r/cro/comments/1nq9smk/comment/ng5d1oe/?utm_source=share&amp;utm_medium=web3x&amp;utm_name=web3xcss&amp;utm_term=1&amp;utm_content=share_button" rel="noopener noreferrer nofollow" target="_blank">wrote</a> on Thursday, commenting on the price fall.
The market has indeed been under pressure in the past week, with Bitcoin (BTC) <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow" target="_blank">tumbling</a> below $110,000 on Thursday.
The <a href="https://cointelegraph.com/explained/what-is-the-crypto-fear-and-greed-index" rel="noopener noreferrer nofollow">Crypto Fear &amp; Greed Index</a>, a popular tool for measuring overall market sentiment, <a href="https://alternative.me/crypto/fear-and-greed-index/" rel="noopener noreferrer nofollow" target="_blank">tumbled</a> below 30 on Friday — its lowest level since April 2025 — signaling strong caution and heightened fear among investors, as <a href="https://alternative.me/crypto/fear-and-greed-index/" rel="noopener noreferrer nofollow" target="_blank">shown</a> on the official index site.
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-09/01998634-868c-7f59-8e9b-c69fdda45b87" title="" alt="Crypto.com’s Cronos erases Trump pump gains, community questions demand">
 <figcaption style="text-align: center;">
 The Crypto Fear &amp; Greed Index. Source: Alternative.me
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</figure>
While community reaction to CRO decline has remained mixed, Marszalek has avoided commenting on the price.
<h2 id="sec-yet-to-approve-the-6-4-billion-cro-buy">SEC yet to approve the $6.4 billion CRO buy&nbsp;</h2>
Marszalek took to X on Tuesday to <a href="https://x.com/kris/status/1970639422644461655" rel="noopener noreferrer nofollow" target="_blank">post</a> about Cronos supporting the tokenized collateral and stablecoin initiative by the US Commodity Futures Trading Commission.
“We are pleased to support the tokenized collateral and stablecoin initiative and its recommendations for the use of non-cash collateral, including CRO, for regulatory margin requirements,” Marszalek said.
Related: <a href="https://cointelegraph.com/news/crypto-com-report-undisclosed-user-data-leak-unfounded" rel="noopener noreferrer nofollow" target="https://cointelegraph.com/news/crypto-com-report-undisclosed-user-data-leak-unfounded">Crypto.com says report of undisclosed user data leak ‘unfounded’</a>
The tweet has gathered both negative and positive reactions, with some <a href="https://x.com/AdamFrost714/status/1970850962412908954" rel="noopener noreferrer nofollow" target="_blank">highlighting</a> that the US Securities and Exchange Commission has yet to approve the Trump Media Group CRO Strategy.
Amid the growing trend of crypto treasury announcements, US regulators have reportedly taken a closer look at public companies announcing such initiatives.
The Wall Street Journal <a href="https://www.wsj.com/finance/regulation/sec-crypto-treasury-deal-trading-21d631ae" rel="noopener noreferrer nofollow" target="_blank">reported</a> on Thursday that the SEC and Financial Industry Regulatory Authority have contacted more than 200 companies that announced crypto treasuries this year as part of a probe into potential breaches of rules against selective sharing of material nonpublic information.
Magazine: <a href="https://cointelegraph.com/magazine/7-reasons-bitcoin-mining-terrible-business-idea-bit-digital/" rel="noopener noreferrer nofollow">7 reasons why Bitcoin mining is a terrible business idea</a>

Crypto.com’s Cronos erases Trump pump gains, community questions demand

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