MagicDude4Eva (OP)
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August 26, 2025, 04:20:17 PM Last edit: August 26, 2025, 04:43:57 PM by MagicDude4Eva |
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Not sure what to think about these news: https://www.coindesk.com/business/2025/08/26/trump-media-crypto-com-to-build-usd6-4b-cro-treasury-firm-cro-jumps-25 Trump Media will buy $105 million in CRO tokens while Crypto.com takes $50 million in DJT stock as part of a partnership that makes the Cronos token central to Truth Social’s rewards system. Summary of the press-clippings: Trump Media, Crypto.com, and Yorkville Acquisition Corp are creating a new joint venture called Trump Media Group CRO Strategy Inc. through a SPAC merger. Once the deal closes, the new company will trade on Nasdaq under the ticker $MCGA, short for “Make CRO Great Again.”
Key points: * Treasury focus: $MCGA will be a digital asset treasury company dedicated to acquiring and holding Cronos (CRO). * Scale: It will start as the world’s largest CRO holder (~6.3B tokens, about $1B at announcement). * Partnership swap: Trump Media is buying $105M in CRO, Crypto.com is taking $50M in DJT stock. * Cash & credit line: Around $420M cash is earmarked for more CRO purchases, plus a $5B credit line to buy even more. * Utility integration: CRO becomes the platform token for Truth Social (rewards, subscriptions, payments). * Strategy: Stake and run validator nodes to earn additional CRO, creating a flywheel (more funds → more CRO → higher price → more funds).
I am happy that I am invested in CRO, but I hope that this is giving the CRO-ecosystem some longevity. What are your thoughts?
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FinneysTrueVision
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August 27, 2025, 07:15:49 AM |
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The pump is built entirely on hype and not fundamentally rational reasons. Cypto.com massively inflated the supply of their token recently out of thin air. Trump Media isn’t even going to buy tokens on the open market. Crypto.com is using the proceeds, partially for self-enrichment and partially to pump the DJT stock. It is all a big scam.
They are trying to give the token utility by integrating it with Truth Social, an app that is used mostly by old boomers who love Trump, a dwindling demographic. There are very few people who are genuinely interested in crypto on that site. This will end up looking like Kaito on steroids, where the site will be mostly filled mostly with bots and people from poor countries using AI generated content to farm rewards.
My suggestion would be to dump the token now and invest your profit in something more sound.
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MagicDude4Eva (OP)
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August 27, 2025, 07:32:40 AM |
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From a Crypto.com point of view (and a pure business perspective) the move is clever as it will gain access to a market it did not have and people on Truth Social will just buy in. For me personally I hold a good stake in CRO and will continue staking on Icy Rose card as bundled with Curve it gives me some cashback and does not cost me anything. If there were better cashback-options in Austria through local retailer, I would have switched.
The CDC move is certainly risky as it is a fine political line they are walking on. With the CRO unburn I anyway expect that the token will normalise around €0,06-€0,10, but with the hype it will jump in the next few weeks.
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MagicDude4Eva (OP)
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August 28, 2025, 08:54:33 AM |
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CRO is now at €0,30 - Personally I've found it pretty fascinating to see CDC go from "Cronos/CRO is just an utility token that Crypto.com happens to use" out of fear of the law, to CDC now fully becoming a "Make CRO Great Again" flagbearer.
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passwordnow
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August 29, 2025, 06:46:30 PM |
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So that's the reason why it jumped. My friend called me about it, I thought that he holds a lot of it but not that much although he's happy that he's in profit. I told him to take the profits but I'm not sure if he actually did it. Because right now, from the high that it made, it starts to drop because many have taken profit already. And another reason is about the correction that Bitcoin is currently experiencing. I am starting to notice that many exchange tokens are gaining traction now. Maybe it's still a coincidence but I am thinking of having some more of them for long term holding.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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MagicDude4Eva (OP)
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August 31, 2025, 12:10:21 PM |
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I took profit at €0,36/CRO and bought back in at €0,24. I do get good value out of the cashbacks.
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JamesDaniel90
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September 02, 2025, 07:29:08 AM |
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The pump is built entirely on hype and not fundamentally rational reasons. Cypto.com massively inflated the supply of their token recently out of thin air. Trump Media isn’t even going to buy tokens on the open market. Crypto.com is using the proceeds, partially for self-enrichment and partially to pump the DJT stock. It is all a big scam.
They are trying to give the token utility by integrating it with Truth Social, an app that is used mostly by old boomers who love Trump, a dwindling demographic. There are very few people who are genuinely interested in crypto on that site. This will end up looking like Kaito on steroids, where the site will be mostly filled mostly with bots and people from poor countries using AI generated content to farm rewards.
My suggestion would be to dump the token now and invest your profit in something more sound.
Don’t listen to this guy, Q4 is typically a very good month for crypto in a post halving year and it will be again this year, only 4 weeks now we just have to get through September. I have been buying CRO for a few years now, my average was $0.08 and I took some profit last week at $0.32. CRO will hit $0.80 minimum by end of year and many are saying above $1.20 which is definitely possible too. Bitcoin has pumped, Ethererum is pumping, and next it will be large cap altcoins like CRO.
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FinneysTrueVision
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September 02, 2025, 07:39:58 AM |
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I have been buying CRO for a few years now, my average was $0.08 and I took some profit last week at $0.32.
If you’ve been buying it for years, then you have probably also seen it go down more than 90% from its all time high. Good investments don’t usually do that. If it wasn’t for the brazen corruption of the Trump administration, it would probably still be worth a single digit amount of cents right now.
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JamesDaniel90
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September 02, 2025, 08:26:32 AM |
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I have been buying CRO for a few years now, my average was $0.08 and I took some profit last week at $0.32.
If you’ve been buying it for years, then you have probably also seen it go down more than 90% from its all time high. Good investments don’t usually do that. If it wasn’t for the brazen corruption of the Trump administration, it would probably still be worth a single digit amount of cents right now. Its called a bear market, Bitcoin went from $69k high in 2021 down to bear market low of $16k - that is a 76% drop too so you are saying its not a good investment?? Q4 is only 4 weeks away, Bitcoin will see new all time high and altcoins will pump 5x, 10x even 20x. You advising others to sell now just weeks before the best few months of the cycle is just bad advice.
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FinneysTrueVision
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September 03, 2025, 12:01:45 AM |
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Its called a bear market, Bitcoin went from $69k high in 2021 down to bear market low of $16k - that is a 76% drop too so you are saying its not a good investment??
Q4 is only 4 weeks away, Bitcoin will see new all time high and altcoins will pump 5x, 10x even 20x.
You advising others to sell now just weeks before the best few months of the cycle is just bad advice.
Bitcoin already reached a new all time high multiple times and CRO is still down 73%. Even ETH reached a new all time high. This is the most bullish time for crypto ever, yet CRO is still deeply underwater for a lot of holders from the previous bull cycle. Recovering some of those sunk costs and dumping an investment without strong fundamentals, whose founders are printing billions of tokens out of thin air for themselves, is the most logical thing one can do.
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JamesDaniel90
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September 03, 2025, 06:46:13 AM |
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Its called a bear market, Bitcoin went from $69k high in 2021 down to bear market low of $16k - that is a 76% drop too so you are saying its not a good investment??
Q4 is only 4 weeks away, Bitcoin will see new all time high and altcoins will pump 5x, 10x even 20x.
You advising others to sell now just weeks before the best few months of the cycle is just bad advice.
Bitcoin already reached a new all time high multiple times and CRO is still down 73%. Even ETH reached a new all time high. This is the most bullish time for crypto ever, yet CRO is still deeply underwater for a lot of holders from the previous bull cycle. Recovering some of those sunk costs and dumping an investment without strong fundamentals, whose founders are printing billions of tokens out of thin air for themselves, is the most logical thing one can do. Depends when you get in , yes if you got in at the all time highs last cycle in 2021 it’s not great for those who did. But those like many of us who only started investing in it last few years who go in below $0.10, it’s an easy 8-12x from that price by end of this year.
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