CRO jumps 15% after SEC closes investigation on Crypto.com, is more upside coming?
CRO rallied as high as 17% after the US SEC formally concluded its investigation into Crypto.com. However, most of these gains were quickly erased amid broader market uncertainty.
According to crypto.news data, Cronos (CRO) jumped from $0.097 to as high as $0.114 on Mar. 28 before cooling off to around $0.1064 later in the day during Asian trading hours. Its market cap hit $2.94 billion, and daily trading volume spiked by 71%, with about $138 million worth of CRO changing hands.
CRO got a boost as the community turned bullish after Crypto.com announced that the United States Securities & Exchange Commission had officially ended its investigation.
Today’s gains extend CRO’s upward momentum, fueled further by…
