The CRO token of the Cronos blockchain has experienced a significant 50% price increase over the last two days. This surge comes alongside serious allegations against the Cronos team by renowned crypto investigator ZachXBT.
Sudden Surge of CRO Price
The price of the CRO token, from the Cronos blockchain, rapidly increased by 50% in less than 48 hours. This occurred shortly after the announcement of a partnership between Crypto.com and Truth Media, a project associated with Donald Trump.
ZachXBT's Accusations
Prominent crypto investigator ZachXBT has accused the Cronos team of fraudulent activities. In a post on X, ZachXBT claimed that the Cronos team secretly reissued 70 billion CRO tokens that were publicly burned in 2021.
Response to Mixed News
These contradictory news pieces create a complex scenario surrounding the CRO token. On one hand, there's the positive impact of the partnership with Trump's media project, while on the other hand, the serious fraud accusations from respected crypto analyst ZachXBT add uncertainty to the future development of the situation.
While the price of CRO has surged, the question remains how these serious allegations will impact the perception of Cronos and its future market position.
