In the past 3 days, the cumulative increase of $CRO has surpassed 100%, setting a new historical high in 3 years.

Such a significant increase comes from the positive news regarding the CRO strategy announced by Trump Media Technology Group. On August 26, Yorkville Acquisition Corp, Trump Media and Technology Group, and Crypto.com announced that the three parties have signed a final agreement to merge their businesses to establish Trump Media Group CRO Strategy, Inc., a digital asset treasury company focused on acquiring the Cronos ecosystem's native cryptocurrency (CRO). The expected funding composition of the digital asset treasury includes: $1 billion in CRO, $200 million in cash, $220 million in cash exercise warrants, and a $5 billion equity credit line provided by Yorkville affiliate YA II PN, Ltd. This structure will make it the first and largest publicly traded CRO treasury company.

According to data from cronoscan, the on-chain activity of $CRO on the Cronos chain has also increased, with the transaction volume on the Cronos chain reaching 386,767 in the past 24 hours, a surge of 29.53%; total transaction fees reached 24,325 CRO, a surge of 31.26%; and the average transaction fee reached 0.0164 CRO, a surge of 31.73%.

According to CoinGecko data, the largest CEX for $CRO trading in the past 24 hours is Upbit, accounting for 32.72%.

Additionally, the activity on the Cronos chain is primarily driven by domestic players, reflecting an interesting situation—positive news related to the U.S. president leads Koreans to buy coins, while domestic players rush onto the chain.

Although $CRO belongs to the "old chain new hype" brought about by sudden positive news, we can still keep an eye on market hotspots. Rhythm BlockBeats has summarized information about the Cronos ($CRO) chain for you.

How to trade on the Cronos chain?

You can trade $CRO on CEXs such as OKX, Coinbase, and Gate, and after purchasing, withdraw $CRO to the Cronos network.

To trade related tokens on the Cronos chain, using OKX Wallet is a convenient choice. You just need to copy the token contract address into the exchange function of OKX Wallet, and it will directly recognize the corresponding token.

You can use dexscreener to view the K-line chart of tokens on the Cronos chain.

Assets on the Cronos chain

PUUSH

The most discussed token among domestic players today is $CDOG, which once peaked at nearly $1.5 million in market value. However, it rose quickly and fell just as fast, currently remaining at about $200,000 in market value.

This ticker aligns well with the preferences of domestic players, as previously, whether on OKX's chain or earlier inscriptions, the most direct appeal to domestic players has been "cats and dogs."

One reason players chose the launchpad puush.fun for $CDOG could be that the official Cronos Twitter account interacted with this launchpad on August 13:

This launchpad also has the token $PUUSH, which has been around for over a year, with a peak market value of less than $5 million. Before the surge of $CRO, the market value of $PUUSH was only over $400,000, and now it has reached about $2.3 million.

Although this launchpad has received widespread attention from domestic players, it is not closely related to Crypto.com, as the following projects introduced are all listed on the Crypto.com exchange, making it a better standard for judging whether an asset is closely related to Crypto.com.

LION

Loaded Lions is an NFT series officially launched by Crypto.com in 2021, with a current floor price of $1,500.

This NFT series has the token $LION, which has risen about 50% in the past 3 days and is now close to its historical high.

Although the NFT series was released a long time ago, the token was only issued in March of this year, so it is not considered an old coin. Crypto.com officially launched a second NFT land series at the end of April this year, directly promoting it with a $LION airdrop.

This token is listed on the Crypto.com exchange.

VVS Finance

VVS Finance is the largest DEX on the Cronos chain, and the token $VVS has been around since 2021, showing little progress for a long time. In the past 3 days, it has also gained 100% in line with the $CRO market. Currently, the market value of $VVS is about $330 million.

This token is listed on the Crypto.com exchange.

Capybara

A Telegram Tap to Earn game, but the token $BARA is issued on the Cronos chain. This project has partnerships with Crypto.com, the Cronos chain, and Loaded Lions' Mane City game.

$BARA was issued in November last year and has gained about 80% in the past 3 days, with a current market value of about $16.7 million.

This token is listed on the Crypto.com exchange.

CorgiAI

CorgiAI launched in June 2023 and is the first AI project on the Cronos chain, incubated in the Cronos accelerator program.

In simple terms, this is a text-to-image generator that specializes in producing dog-themed comic images and supports seamless minting of NFTs on the Cronos chain.

The token $CORGIAI has gained about 60% in the past 3 days, with a current market value of about $67 million.

This token is listed on the Crypto.com exchange.

Conclusion

In fact, from the ranking of Cronos chain tokens on dexscreener, it can be seen that assets on the Cronos chain have experienced significant increases due to the positive news from Trump Media Technology Group regarding the CRO strategy. Rather than expecting a meme coin market like OKX's X Layer on the Cronos chain, it is more accurate to say that the market for Crypto.com's own assets has already surged since the positive news emerged.

Therefore, a more rational approach may be to keep an eye on the chain while also being aware of the risks of short-term price increases.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。