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Details: ht
CRO Token encountered a significant dumping, and its market capitalization shrank by nearly 50% after Trump's plan was announced.
[Coin World] On September 26, news came that since Trump Media Group launched the CRO strategy last month, the native crypto asset Cronos (CRO) under a certain trading platform has faced immense selling pressure. On August 26, after Trump Media Group announced the establishment of a $6.4 billion Cronos reserve, the price of CRO immediately surged by 40%. However, according to data platforms, the price of the Token has continued to fall since then, nearly erasing all of its rise, and on Thursday, the price of CRO fell below $0.19, close to the level before the announcement. Since the peak rise driven by Trump-related news, Cronos's market capitalization has evaporated by over $6 billion, with a decline of nearly 50%, and as of the time of writing, the market capitalization has shrunk to $6.6 billion. The market capitalization ranking of this Token has dropped out of the top 30 crypto assets, now ranking 33rd.