The digital currency Chronos (CRO), native to the blockchain Chronos, witnessed a 35% price increase after an agreement between Trump Media and Crypto.com on Tuesday. However, allegations of Chronos being a scam have emerged, while around 70 billion tokens were released just a week before the finalization of this partnership. As the price of Chronos has significantly accelerated, major players have warned small traders to refrain from new transactions. Meanwhile, blockchain researcher Zach XYZ criticized Crypto.com for reintroducing burned tokens in 2021 and misleading its community. He stated that Crypto.com recently reissued 70 billion CRO tokens that had previously been burned, causing doubt and suspicion in the crypto community. He also claimed that this move resembles a scam and questioned why Trump Media chose Crypto.com exchange over well-known exchanges like Coinbase and Kraken. It is noteworthy that on Tuesday, Trump Media signed a contract with Crypto.com to launch a series of ETF and ETP products for digitally made assets in the US. These products will include Bitcoin and Chronos. This announcement caused the price of Chronos to increase by 35% to around $0.11, with its 24-hour trading volume skyrocketing by an extraordinary 1300% to $278 million. However, analysts have warned that this price surge may be temporary pumping. Predictions suggest that Chronos’ price may remain around 10 cents throughout 2025, although some analysts also predict it could reach $1. On the page of digital currency’s real-time prices, you can observe the prices of all tokens and cryptocurrencies live and instantaneously.
