🚀 The price of 
CRO skyrocketed after major news:
SPAC-company Yorkville Acquisition Corp, TMTG, and Cryptocom signed a final merger agreement.
They are launching Trump Media Group CRO Strategy, Inc. — a new digital asset management firm focusing on acquiring #CRONOS.
💹 Key details:
▪️ Yorkville Acquisition Corp plans to file for listing Class A shares on Nasdaq under ticker MCGA
▪️ Charter capital:
• 6.3B #CRO (~19% of supply) ≈ $1B (avg. price $0.159)
• $200M in fiat
• $220M in warrants
• + $5B credit line
🤔 But here’s the catch…
As the old trader’s saying goes:
"Buy the rumor — sell the news"
CROUSDT is still far from ATH ($1), but the news already seems to be “priced in”.
So we may see a distribution phase coming… if it hasn’t started yet.
⚖️ And the key point:
the furtherCRO price moves from the $0.159 average set in the deal, the less appealing it looks to buy right now.
And next… 👇
🧠 DYOR | This is not financial advice, just thinking out loud.
______________
◆ Follow us ❤️ for daily crypto insights & updates!
🚀 Don’t miss out on important market moves
CRO skyrocketed after major news:SPAC-company Yorkville Acquisition Corp, TMTG, and Cryptocom signed a final merger agreement.
They are launching Trump Media Group CRO Strategy, Inc. — a new digital asset management firm focusing on acquiring #CRONOS.
💹 Key details:
▪️ Yorkville Acquisition Corp plans to file for listing Class A shares on Nasdaq under ticker MCGA
▪️ Charter capital:
• 6.3B #CRO (~19% of supply) ≈ $1B (avg. price $0.159)
• $200M in fiat
• $220M in warrants
• + $5B credit line
🤔 But here’s the catch…
As the old trader’s saying goes:
"Buy the rumor — sell the news"
CROUSDT is still far from ATH ($1), but the news already seems to be “priced in”.So we may see a distribution phase coming… if it hasn’t started yet.
⚖️ And the key point:
the further
CRO price moves from the $0.159 average set in the deal, the less appealing it looks to buy right now.And next… 👇
🧠 DYOR | This is not financial advice, just thinking out loud.
______________
◆ Follow us ❤️ for daily crypto insights & updates!
🚀 Don’t miss out on important market moves
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🎁 -20% for ALL trading fees at #OKX 👇
okx.com/join/20PSTRADE
🔥 V-I-P 👉 t.me/P_S_trade_menue_bot
🔵 Telegram 👉 t.me/pstrade_eng
🤖 Trading Bot 👉 copytrading.space/en/
📞 t.me/P_S_trades 📝
okx.com/join/20PSTRADE
🔥 V-I-P 👉 t.me/P_S_trade_menue_bot
🔵 Telegram 👉 t.me/pstrade_eng
🤖 Trading Bot 👉 copytrading.space/en/
📞 t.me/P_S_trades 📝
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.