Trump Media and Technology Group has completed a major cryptocurrency transaction with Crypto.com, acquiring 684.4M Cronos (CRO) tokens. Will CRO price pump in September after this deal?
The deal was locked in $105M, and the agreement was confirmed on Sept. 5. Trump Media, which owns Truth Social, revealed that the deal was split between stock and cash.
Trump Media and https://t.co/vCNztATkNg have closed their purchase agreement today, with Trump Media completing its acquisition of 684.4 million $CRO to be securely stored and staked with https://t.co/vCNztATkNg Custody.
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https://t.co/dugLghtx7r pic.twitter.com/82HNBzsTUh
— Crypto.com (@cryptocom) September 5, 2025
Half of the payment came in Trump Media stock, and the other half was in cash. This setup gave Crypto.com a stake in the company.
The structure of the deal allocates 50% in Trump Media stock and 50% in cash, giving Crypto.com an equity position within the company.
According to Globalnewswire, Trump Media’s CEO and Chairman, Devin Nunes, stated,
“Trump Media is pleased to close this agreement and quickly begin to fulfill our strategic partnership with Crypto.com. We’re convinced that CRO has tremendous potential to spread widely as a versatile utility token and a superior form of safe, fast payment and money transfer, and we’re excited to add this innovative asset to our balance sheet.”
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CRO Price Prediction: Will Trump Media’s Whale Buy Influence CRO Price in September?
According to Tradingview data, CRO price is trading at $0.2652, showing a decline of -0.59% in the last 24 hours.
(Source – CRO USDT, TradingView)
A crypto analyst shared the chart on X, pointing to key Elliott Wave counts and Fibonacci retracement levels that may guide CRO’s next moves.
$CRO has now reached the first support level in this correction, which is located at $0.266. https://t.co/relPNmtHHx pic.twitter.com/n9yAH3fNpE
— More Crypto Online (@Morecryptoonl) September 5, 2025
CRO is consolidating after a sharp move upward, now testing the 23.6% Fibonacci retracement zone at $0.266. This marks its first major support.Â
If selling continues, the next levels to watch are $0.210 (38.2%), $0.173 (50%), and $0.143 (61.8%). These could act as deeper support zones.
The chart still leans bullish, where CRO appears to be in the early stages of a wave III extension.Â
If momentum holds, the token could target $0.396 (138%), $0.537 (161.8%), and $0.877 (200%). A longer-term push could reach $1.43 (238%).
For now, the $0.266 level is key. A rebound from this point may spark buying interest and send CRO toward the $0.39-$0.53 resistance range. But if this support breaks, the price could fall back toward $0.21-$0.17, slowing the larger uptrend.
In short, CRO’s path depends on whether buyers defend $0.266. Traders are watching closely to see if the bullish Elliott Wave setup can stay intact.
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The post Trump Media Close Cronos Whale Buy: CRO Price Prediction For September? appeared first on 99Bitcoins.
