PYTH rockets 48%, CRO 38%: 24 hour altcoin gainers you can’t ignore
PYTH and CRO rose about 48% and 38% over 24 hours, leading altcoin performance as Cronos-linked tokens reacted to a new treasury venture and oracle markets priced fresh headlines and listings.
CRO’s move tracked a three-way deal to create a publicly traded CRO-focused treasury vehicle.
Trump Media & Technology Group, Crypto.com, and the Yorkville SPAC disclosed plans for “Trump Media Group CRO Strategy,” funded with $1 billion in CRO, $200 million in cash, $220 million in warrants, and an additional $5 billion equity line, with Yorkville to relist under ticker MCGA.
Related details appeared in filings and press summaries, including Crypto.com’s agreement to buy $50 million of Trump Media stock and Trump Media’s $105 million CRO purchase. Liquidity then rotated across Cronos applications.
VVS Finance, up 36%, the chain’s largest DEX, posted sharp short-term jumps in fees and DEX turnover on DefiLlama’s trackers, aligning with a chain-wide uptick in activity.
Loaded Lions’ LION, up 11%, the utility token tied to Crypto.com’s flagship NFT brand, benefited from the same Cronos flow impulse. LION’s connection to the Crypto.com ecosystem is set out in product notices and launch materials.
PYTH’s spike followed market structure changes rather than protocol economics. Pyth stated on its official channels that the U.S. Department of Commerce selected the network to verify and publish economic data on-chain, naming quarterly GDP as an initial dataset.
SharpTrade commented, “Pyth is literally the national treasury now. US government just made a crypto oracle its official accountant 