The native token Crypto.com outpaced most digital assets Monday after Trump Media and Technology Group announced plans to develop exchange-traded funds with the exchange.
Cronos (CRO) is up 30% over the last 24 hours to $0.10, CoinGecko data shows, following a significant surge on the announcement of Trump’s company, which runs Truth Social.
Trading volume for CRO exploded almost six times from $21 million to $126 million by Monday evening as traders raced to capitalize on the presidential connection.
The daily transactions chart from CronoScan shows that transactions have more than doubled from roughly 40,000 to over 82,000.
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