After months of whispered promises in the shadows of the crypto realm 🖤 the Trump Media crew has pulled back from those big Crypto.com plans to chase their own twisted mergers and internal vibes instead.
Deal Dreams Crumble Into Dust 🌙
Post election the newly elected POTUS pushed crypto plays through family ties with Crypto.com in mind including ETF vibes and a massive $6.4 billion CRO grab. Yet that whole Trump Media Group CRO Strategy involving the three parties just died a quiet death. They cited market winds and shifting priorities so the $1 billion CRO supply plus $5 billion credit line vanished like smoke.
ETF Hopes Also Turn To Ash 🕸️
Crypto.com was set to handle Yorkville America ETFs too but everyone agreed to drop that path. The interim CEO now wants focus on the media tech side and that fusion energy merger with TAE. This fits the pattern of Trump linked outfits stepping away from crypto lately after selling more Bitcoin at a loss.
Token Price Falls Deep Into Night 🎀
CRO reacted fast tumbling straight to just under $0.05 its lowest since October 2023. Market cap sits below $2.4 billion now in 37th place while it is down over 94% from the $0.89 all time high in late 2021.
The shared update from the parties points to those changing priorities while Axios noted the new focus away from crypto exposure.
Just another echo from the void by iconofsin.eth 💖
