Crypto Drama: Are We Witnessing a Token Resurrection or Just a Clever Scam?

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Ah, Crypto.com’s dalliance with the illustrious Trump Media has sent Cronos (CRO) soaring, but lo and behold, a delightful scandal is afoot! Our dear blockchain sleuth, ZachXBT, has taken to the digital stage, declaring CRO a “scam” and accusing Crypto.com of resurrecting a staggering 70 billion tokens that were supposedly sent to the great crypto graveyard. 🎭

Meanwhile, our charming investors are in a tizzy, claiming the project has become as centralized as a Victorian tea party, and their cries for attention are falling on deaf ears. Will CRO’s price continue its upward waltz, or are we headed for a spectacular nosedive? 🍵

The Great Token Revival Controversy

Despite the hullabaloo, the partnership between Trump Media and Crypto.com is creating quite the stir in the crypto realm. The two are planning to launch ETFs and ETPs that promise to mix cryptocurrencies, including CRO and Bitcoin, with traditional securities, like a cocktail that might just be too strong for the faint-hearted. 🍸

However, our intrepid investigator ZachXBT has not held back, branding Crypto.com’s actions as nothing short of a theatrical farce. His discontent stems from the revival of those 70 billion CRO tokens that were supposedly extinguished back in 2021. Talk about a dramatic comeback! 🎭

CRO is no different from a scam

Your team just reissued 70B CRO a week ago that was previously burned “forever” in 2021 (70% total supply) and went against the community wishes as you control majority of the supply.

Unsure why Truth would choose a partnership with your exchange…

— ZachXBT (@zachxbt) March 25, 2025

At the time, Crypto.com assured its loyal subjects that the tokens were permanently banished to enhance scarcity and inflate value, leading them to believe that only 30 billion remained—a delightful little illusion! Now, the resurrection of these tokens has sparked a delightful frenzy among the community. 🥳

Whispers of Centralization and Manipulation

The plot thickens as reports reveal that Crypto.com wields a staggering 70-80% of the voting power on the Cronos network. Oh, the audacity! Even though a whopping 77.97% of independent validators opposed the return of the tokens, and a mere 11.86% were in favor, Crypto.com forged ahead with its grand plan. How very charming of them! 🎩

This has led to whispers of centralization, with many believing the company has taken control of the blockchain like a puppet master pulling strings. 🎭

Investors React with Delightful Frustration

CRO holders have reacted with the fervor of a soap opera cliffhanger, feeling thoroughly betrayed by this turn of events. Many loyal supporters of Cronos have taken to social media to voice their discontent, creating a cacophony of disappointment. 📣

A notable figure, Wyll Bildeberg, has expressed his vexation, proclaiming that burned tokens should never make a comeback. He warned that this decision could tarnish trust in the project and the entire crypto market—how positively scandalous! 😱

What Lies Ahead for CRO Coin?

Although CRO experienced a delightful surge to $0.115 following the partnership news, it has since settled around $0.108, reflecting a charming 30% rise in the last 24 hours. 🤑

Gazing at the daily chart, CRO’s price has formed a bullish pattern, climbing slightly above the 50-day moving average—a key bullish signal! Additionally, the Relative Strength Index (RSI) is trending upward, indicating a growing appetite for buying. 🍾

Thus, if this momentum persists, CRO could very well rally toward the $0.133 resistance level, which aligns with the 61.8% Fibonacci retracement level—another delightful 30% leap from here! How positively thrilling! 🎉

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2025-03-25 13:09