Recent events on the NFT market related to the Cronos blockchain have led to a sharp increase in trading volume. This occurred amid news of the establishment of the CRO treasury by Trump Media and growing investor interest.
Creation of the Largest CRO Treasury
Earlier this week, the Trump Media and Technology Group announced a partnership with Crypto.com and Yorkville Acquisitions to create a $6.42 billion CRO treasury.
The companies stated that they plan to establish the Trump Media Group CRO Strategy, which will be funded with $1 billion worth of CRO tokens, $420 million in cash, and a $5 billion credit line.
Cronos NFT Market Shows Growth
In the past 24 hours, most NFT collections on the Cronos blockchain have shown impressive growth. Overall trading volume surged by over 200%. Among the leaders in growth was the Vvs Miner Mole collection, which increased sales volume by 286%, reaching $1.64K.
Other Notable NFT Collections
Other collections also reported significant growth: Cro Crow, Trooprz, and Redefined Bulls increased trading volume by 2,775%, 100%, and 100%, respectively. The Crow Punks collection saw trading volume increase by 715%.
Thus, against the backdrop of the establishment of the new CRO treasury by Trump Media, there is a growing interest from investors in NFT collections on the Cronos blockchain, indicating potential positive changes in the digital asset market.
