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The majority of non-fungible token collections created on the Cronos blockchain network have made positive growth today. In the past 24 hours, most Cronos-based NFT collections have seen their trading sales volume surge by +200% from the previous day. This market reaction came after President Donald Trump’s Media (TMTG) created an over $6.4 billion CRO treasury firm.
Trump Media Sets To Create “Largest CRO Treasury”
Earlier this week, the Trump Media and Technology Group, an American media and technology company known for running the Truth Social social-media platform, which is owned by the President Donald Trump Revocable Trust, announced that it has partnered with Crypto.com, a renowned cryptocurrency exchange and NFT market platform, and Yorkville Acquisitions to create a $6.42 billion CRO treasury firm.
In an August 25 joint announcement, the companies said that they will work together to establish the Trump Media Group CRO Strategy. Its digital asset treasury will be funded with $1 billion worth of CRO tokens, $420 million in cash and warrants, as well as a $5 billion credit line from one of Yorkville’s affiliates. This investment will make the treasury firm the “first and largest publicly traded CRO treasury company.
Trump Media has also purchased $105 million worth of CRO tokens, while Crypto.com acquired $50 million worth of Trump Media shares. Under the new integration, $CRO will also become a utility token for Truth Social, which is a media platform owned by TMTG. The new entity will also operate a validator node for the Cronos network. Cronos Chain is an Ethereum-compatible blockchain offering low-cost and high-speed transactions for mass adoption in areas like DeFi, GameFi, and NFTs.
Cronos NFTs Pump +200% In Daily Sales Volume
Vvs Miner Mole is one of the non-fungible token collections created on the Cronos network that has recorded positive gains today. In the past 24 hours, this NFT collection has raised a trading sales volume of $1.64K. During this period, the Vvs Miner Mole NFT trading sales volume has surged by 286% from the past day. Moreover, its average price has also increased by over 41% to +$55.
Source: DappRadar.com, Top-selling NFT collections on Cronos Network.
Cro Crow, Trooprz, and Redefined Bulls are other NFT collections that have surged in trading sales volume, raising a trading sales volume of $1.15K, $671.67, and $577,39. During this time, these NFT collections have seen their trading sales volume surge by +2,775%, +100% and +100%, respectively. Crow Punks NFT collection has also seen its trading sales volume surge by +715%.
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