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Altcoins

Cronos price soars 15% amid strategic crypto reserve speculations

By admin
0 26

Cronos price soars 15% amid strategic crypto reserve speculations

Crypto.com’s CRO token gained over 15% on Thursday amid speculations that the token will be included in Donald Trump’s strategic crypto reserve.

Cronos (CRO), the native token of Cronos Chain, soared by 15.8% on Thursday amid speculation that it could be included a strategic crypto reserve, recently unveiled by the U.S. President Donald Trump. Per crypto.news price tracking page, the price of CRO jumped to $0.09 on March 6, with its trading volume soaring by nearly 100%, according to data from crypto price aggregator platforms.

https://twitter.com/EleanorTerrett/status/1897473838595674310 You might also like: Crypto.com and Kalshi face CFTC scrutiny over Super Bowl event contracts

The pump comes a few hours after Fox Business journalist Eleanor Terrett revealed in an X post that Crypto.com’s chief executive Kris Marszalek “will be attending the White House Crypto Summit on Friday,” without disclosing the sources. As a result, Marszalek joins a growing list of more than a dozen crypto executives set to attend the event, alongside Ripple CEO Brad Garlinghouse and Chainlink co-founder Sergey Nazarov.

Despite the speculation, CRO has not been officially confirmed as part of the national crypto reserve. However, Trump’s earlier statements suggest that U.S. authorities may incorporate multiple tokens, as he noted that the strategic crypto reserve will include “other valuable cryptocurrencies,” in addition to Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). While initial expectations centered on Bitcoin as the sole asset in the reserve, Trump’s comments expanded the range of tokens that could potentially be included.

Read more: Kraken and Crypto.com to launch proprietary stablecoins in 2025

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