Cronos Price Soars 60% after $6.4 Billion Deal with TMTG

A major $6.4 billion deal involving Crypto.com, Trump Media & Technology Group (TMTG), and Yorkville Acquisition Corp., has sent Cronos (CRO) soaring to a multi-year high. The announcement sparked significant market activity and debate about crypto’s intersection with politics and media. 60% price jumps were observed immediately following the news. The deal involved equity credit of $5 billion, $1 billion in CRO tokens, and $200 million cash. This move highlights the increasing links between traditional sectors and cryptocurrency investments. Experts suggest that Cronos could hit a target price of $1.54 during the current bullish trend. However, past experiences with celebrity-driven market movements may indicate possible retracements.