Another Token Bluff? CRO Faces Controversy Ahead of ETF Push

Cronos has seen a major token re-issuance where more than a billion CRO were re-issued, which were earlier presumed to have been burnt completely.
Voice of Crypto, Crypto Scams, Crypto
Edited by:
Krutika Adani
Published on

Key Insights:

  • Cronos (CRO) has seen a major controversy in its token re-issuance case.

  • The exchange seeks to re-issue 70 billion tokens after supposedly burning them forever in 2021.

  • The value of its token plummeted 50% in the last 12 months but also saw a 34% growth in the last 30 days.

  • CRO is the native token of the Crypto.com exchange.

Why Cronos (CRO) Is Seeing A Controversy?

Crypto.com which is the native platform of the Cronos token and the Cronos blockchain, has been considering a re-issuance of approximately 70 billion CRO tokens that it supposedly burnt in 2021. The reason for the re-issuance of 70 billion tokens (which is 70% of its token supply) is being cited as its ETF application and a Strategic CRO Reserve.

Crypto users on X have also raised concerns on rumors that this way of sourcing tokens for an ETF application is unethical. Recently, many altcoin ETFs seem close to their approval as the SEC holds a series of roundtable conferences with crypto-native businesses.

Prominent experts have also raised concerns that if this becomes the norm, crypto token burns will be a thing of the past and most projects will seek to recover the tokens that have been supposedly burnt.

The reason for building a CRO Reserve remains unclear. A reserve with 70% of the token supply could centralize the ownership of CRO and would allow the exchange to manipulate its price. Further, in a time of crisis such as during a bear market, this token reserve would be sold in the open market, plummeting the value of CRO and negatively impacting those who remain loyal to the token.

What is Cronos? Fundamental Analysis

Cronos (CRO) is the native token of the Crypto.com exchange and has been serving as a reward cum utility token for the exchange users. It is used for settling transaction fees, availing DeFi features, staking, and becoming a validator on the Cronos chain.

Previously known as the Crypto.com token, CRO was later rebranded as Cronos along with its blockchain.

What impacts the price of CRO is its demand among Crypto.com exchange users. The exchange witnessed more than 100 million users in 2025 growing from just 10 million in 2021, meaning a 60% annual return. If the current growth level sustains, which is expected because of pro-crypto regulations in the USA, we could see Crypto.com users surging to 250 million users in the next 5 years.

If this rate of return corresponds to the growth in CRO, which is the native token of the exchange, we could see the price of $0.25 arriving in the near to medium term future.

CRO Token Price Prediction 2025

Cronos (CRO) has seen high volatility in the recent past. The crypto is seeing sideways trend since the start of March 2025. It initially saw a 300% rally from $0.07 to $0.21 in November 2024 when Donald Trump won the US elections. However, it soon began to crash and by 1 March 2025, it had again plummeted to $0.07. By the end of March 2025, i.e., this week, Cronos has seen a 30% surge in its price to $0.1 where it currently trades.

CRO Price Trend in the Last 12 Months

CRO Price Trend in the Last 12 Months

CoinMarketCap

CRO's technical charts show that its RSI has seen a major surge from the oversold levels of 22 to 60 at press time. This phenomenal rise in momentum is an indicator of a major upcoming rally.

If this momentum sustains, CRO could see a major rally towards its next target i.e., $0.21 or a 100% rally from current levels.

Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

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