CRO slumped below $0.05 for the first time since late 2023.

Over a year after announcing the initial plans to complete several deals with the popular crypto exchange Crypto.com, Trump Media, the entity behind Truth Social, has backed off as it has now focused on other internal developments and an upcoming merger.

The native token of the platform reacted with an immediate nosedive that pushed it to just under $0.05.

Acquisition Plan Dies

Following the US presidential elections in 2024, the newly elected POTUS started making major crypto moves through some of the entities linked to his family. Some of them involved Crypto.com, which included an ETF deal and plans to…