Cronos Is Scam Allegations Appear After Trump CryptoCom Deal, Will CRO Price Crash?

Bhushan Akolkar
March 25, 2025
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‘Cronos Is Scam’ Allegations Appear After Trump CryptoCom Deal, Will CRO Price Crash?

Highlights

  • CRP price trading volumes skyrocketed by 1300%, reaching $278 million within 24 hours of Trump deal.
  • ZachXBT calls CRO "no different from a scam" after major token issuance just weeks before the deal.
  • Despite the price surge and optimism about a CRO-focused ETF, analysts are warning investors to approach with caution.

CRO the native cryptocurrency of Cronos chain surged a massive 35% in hours after the deal between Trump Media and Crypto.com on Monday. However, allegations that CRO is a scam have been rising with more than 70 billion tokens minted just a week before this partnership was sealed. While the CRO price has gained massive momentum, top players have warned retailed from making any fresh bets.

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ZachXBT Exposes Cronos Over Misleading Practices

Blockchain sleuth ZachXBT has called out Crypto.com, the developer of Cronos Chain, accusing it of reversing the 2021 CRO token burn and misleading its community. ZachXBT alleged that Crypto.com recently reissued 70 billion CRO tokens that were previously burned “forever,” representing 70% of the total supply. In a message on the X platform, he wrote:

“Originally, the total CRO supply was 100 billion. In 2021, 70 billion of that supply was burned permanently. Everyone who invested since then believed the max supply was 30 billion. Now, just weeks ago, they reissued the 70 billion CRO.”

This sudden surge in supply for the Cronos native taken, ahead of Crypto.com striking a deal with Trump Media, has raised doubts among the community. “CRO is no different from a scam,” said ZachXBT.

ZachXBT also questioned Crypto.com’s ability to secure partnerships given the controversy. “Unsure why Truth chose your exchange over Coinbase, Kraken, or Gemini after this move,” he said, referencing a recent deal.

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Trump Media and Crypto.com Partnership

Trump Media, US President Donald Trump’s firm entered a partnership with Crypto.com on Monday to launch a series of ETFs and ETP products for ‘Made in America’ digital assets. The products will feature digital assets, including Bitcoin (BTC) and Crypto.com Coin (CRO), alongside other securities. The ETFs and ETPs are slated for release later this year, pending regulatory approval.

Responding to the development, Crypto.Com CEO Kris Marszalek stated: “Proud to partner with Donald Trump’s Truth Social on a series of ETFs, including the world’s first ETF with CRO”.

Well, this announcement was enough to send CRP price higher by 35%, taking it past 10 cents, with 24-hour trading volumes skyrocketing 1300% to $278 million.

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Will CRO Price See A Pump and Dump?

Although the Cronos native cryptocurrency CRO saw an immediate pump in its price, market analysts are asking investors to maintain caution amid the recent supply pump. Also, the development of a CRO ETF will still take time to materialize and the initial euphoria could fade in the coming days.

The CRO price prediction indicator suggests that the altcoin could flirt around 10 cents for most of 2025. However, there have been already calls for a rally to $1 amid this recent Trump partnership. Donald Trump’s crypto involvement has often led to sharp price action, with TRUMP meme coin seeing renewed interest recently.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.