Trump Media and Know-how Group has accomplished a significant cryptocurrency transaction with Crypto.com, buying 684.4M Cronos (CRO) tokens. Will CRO value pump in September after this deal?
The deal was locked in $105M, and the settlement was confirmed on Sept. 5. Trump Media, which owns Reality Social, revealed that the deal was break up between inventory and money.
Trump Media and https://t.co/vCNztATkNg have closed their buy settlement as we speak, with Trump Media finishing its acquisition of 684.4 million $CRO to be securely saved and staked with https://t.co/vCNztATkNg Custody.
Learn extra https://t.co/dugLghtx7r pic.twitter.com/82HNBzsTUh
— Crypto.com (@cryptocom) September 5, 2025
Half of the cost got here in Trump Media inventory, and the opposite half was in money. This setup gave Crypto.com a stake within the firm.
The construction of the deal allocates 50% in Trump Media inventory and 50% in money, giving Crypto.com an fairness place throughout the firm.
In accordance with Globalnewswire, Trump Media’s CEO and Chairman, Devin Nunes, said,
“Trump Media is happy to shut this settlement and rapidly start to meet our strategic partnership with Crypto.com. We’re satisfied that CRO has great potential to unfold extensively as a flexible utility token and a superior type of protected, quick cost and cash switch, and we’re excited so as to add this progressive asset to our stability sheet.”
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CRO Worth Prediction: Will Trump Media’s Whale Purchase Affect CRO Worth in September?
In accordance with Tradingview knowledge, CRO value is buying and selling at $0.2652, exhibiting a decline of -0.59% within the final 24 hours.
(Supply – CRO USDT, TradingView)
A crypto analyst shared the chart on X, pointing to key Elliott Wave counts and Fibonacci retracement ranges which will information CRO’s subsequent strikes.
$CRO has now reached the primary assist stage on this correction, which is positioned at $0.266. https://t.co/relPNmtHHx pic.twitter.com/n9yAH3fNpE
— Extra Crypto On-line (@Morecryptoonl) September 5, 2025
CRO is consolidating after a pointy transfer upward, now testing the 23.6% Fibonacci retracement zone at $0.266. This marks its first main assist.
If promoting continues, the subsequent ranges to observe are $0.210 (38.2%), $0.173 (50%), and $0.143 (61.8%). These might act as deeper assist zones.
The chart nonetheless leans bullish, the place CRO seems to be within the early levels of a wave III extension.
If momentum holds, the token might goal $0.396 (138%), $0.537 (161.8%), and $0.877 (200%). An extended-term push might attain $1.43 (238%).
For now, the $0.266 stage is essential. A rebound from this level could spark shopping for curiosity and ship CRO towards the $0.39-$0.53 resistance vary. But when this assist breaks, the worth might fall again towards $0.21-$0.17, slowing the bigger uptrend.
Briefly, CRO’s path is dependent upon whether or not consumers defend $0.266. Merchants are watching carefully to see if the bullish Elliott Wave setup can keep intact.
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The put up Trump Media Shut Cronos Whale Purchase: CRO Worth Prediction For September? appeared first on 99Bitcoins.
