CRO Plunges to 3-Year Low as Trump Media Cancels 2 Major Crypto.com Deals
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Over a year after announcing plans to complete deals with Crypto.com, Trump Media (Truth Social) has pulled back to focus on internal developments and an upcoming merger. The platform's native token plunged to just under $0.05, a negative market reaction that raises near-term risks to adoption, partnership progress and token liquidity in the crypto and DeFi ecosystem.
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Over a year after announcing the initial plans to complete several deals with the popular crypto exchange Crypto.com, Trump Media, the entity behind Truth Social, has backed off as it has now focused on other internal developments and an upcoming merger.
The native token of the platform reacted with an immediate nosedive that pushed it to just under $0.05.
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