- CRO trading volume rose significantly after Trump Media revealed a $6.4B deal with Crypto.com.
- Network activity hit records with transactions soaring, active wallets rising, and fees climbing.
- Despite substantial gains, CRO remains 64% below its ATH, while RSI signals overbought levels.
Cronos has surged back into the spotlight, riding one of its most dramatic rallies in years. Its native token, CRO, surged to a three-year high after Trump Media & Technology Group unveiled a massive $6.4 billion partnership with Crypto.com. The deal reimagines CRO not just as a digital asset but as a cornerstone of Trump’s Truth Social ecosystem.
The market’s reaction was swift and explosive. CRO jumped from around $0.20 to over $0.37 at press time. Market capitalization is at $12.67 billion, while daily trading volume surged 182% to $2.61 billion almost overnight. This surge has caught the attention of people far beyond retail circles.
On-Chain Metrics Confirm Real Usage in Cronos Rally
What sets the current Cronos rally apart is that it isn’t just price speculation; it’s being matched by real network growth. On-chain activity surged following the announcement of the partnership, with transactions increasing by 31% in a single day.
The network processed 386,767 transactions, ranking among the busiest periods in its history. Wallet creation surged too, with more than 9,000 new addresses appearing within 24 hours, underscoring strong onboarding of fresh users.
The demand was directly translated into network revenue. Daily fees increased, exceeding 24,000 CRO within a single day. Although Cronos has recently enhanced capacity with improved block times and reduced prices, the fee increment depicts a real demand for block space and confirms the utility of the network in the rally.
Market Sentiment Turns Positive for Holders
Beyond short-term trading, on-chain positioning indicates that CRO holders are back in profit. The market price has leaped above the realized price, implying that the investor’s average cost basis is less than the current value. This minimizes the pressure to sell and portrays a sign of a healthy market structure as opposed to previous rallies.
Volume trends also support sustainability. Around $1.96 billion in CRO traded across exchanges within 24 hours in the derivatives market, aligning with the surge in on-chain usage. Analysts note that when trading volume rises alongside transactions and address growth, it indicates firm conviction rather than a temporary price spike.
Related: HYPE Surges to New ATH of $51: Bullish Run or Market Exhaustion?
CRO Still Far From All-Time Highs
Although the price of CRO has risen, it still has a long way to go before reclaiming its historic peak. Although the token has hit a high of $0.3573, it is still 64.58% below its all-time high of $0.9698, which was reached shortly after the Cronos mainnet debuted in 2021.
Momentum indicators point to an overheated market. The Relative Strength Index has soared to 84.08, its highest since late 2024. These levels indicate severe overboughts, usually a wake-up call to investors to pause, take profits, or prepare for a cooldown.
Bollinger Bands narrate the same story. CRO has now expanded past the upper band, which usually signifies a near-term burnout due to quick returns. This does not negate the momentum of the rally, but highlights the possibility of short-term turbulence prior to any lasting improvement.
Conclusion
While the token’s rally was supported by real on-chain growth and a high-profile $6.4 billion deal, the indicators suggest the need to exercise caution. The trading volume, increased network usage, and improved investor confidence suggest renewed optimism within the ecosystem.
Still, CRO is not close to its all-time highs, and the overbought conditions suggested by the technical indicators point toward a possible correction. The rally demonstrates that partnerships, adoption, and utility use better support long-term value than speculation does, even if only in the short term.
