CRO price slides 6% amid controversial 70b Cronos mint

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Written on Mar 18, 2025

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CRO price fell 6% as traders reacted to latest Cronos related news.
A controversial Crypto.com proposal to reissue 70 billion CRO burned in 2021 sparked criticism.
The CRO token traded near $0.08 on March 18, having erased its monthly gains to -8%

The Cronos (CRO) token, native to the Crypto.com ecosystem, is experiencing slight downside pressure, down 6% in the past 24 hours.

Per CoinMarketCap data, CRO traded around $0.08 on major exchanges during the Asian trading session on Tuesday.

Crypto.com proposal to mint 70 billion CRO

On the face of it, Cronos’ price mirrored broader action across the crypto market.

However, the downward move follows a contentious governance vote that has elicited sharp largely negative commentary from across the space.

The last-minute surge in votes ensured the passage of Crypto.com’s controversial proposal to reissue 70 billion CRO tokens.

Initially facing rejection, the proposal saw a dramatic turnaround with a last-minute YES vote of over 3.35 billion CRO, securing its approval.

Despite prior commitments to permanently remove these tokens in 2021—when Crypto.com reduced the total supply from 100 billion to 30 billion—the company will now reintroduce the 70 billion CRO back into circulation.

But now that the vote passed with 62.18% approval, what next? Kaan, a Crypto.com ambassador, posted the expected CRO supply increase to 2030.

Kaan

@KaanCronos

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Cronos POS Chain v5 upgrade is complete. As a result, $CRO supply is now projected to grow as follows: •Dec 2025: 39.49B •EO 2026: 53.96B •EO 2027: 68.58B •EO 2028: 83.35B •Feb 2030: ~100B Burn scenarios are not included in this projection.

9:15 am · 18 Mar 2025

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Cronos price today

According to data from CoinMarketCap, CRO’s price climbed to a high of $0.090 on March 17.

The gains reflected the uptick in altcoins as Bitcoin rose to above $84,000.

Cronos’ price also inched higher after Crypto.com announced it had secured regulatory approval in Argentina.

Earlier, positive sentiment pushed CRO to highs of $0.095. This was as traders reacted to Crypto.com joining other companies and projects at the White House crypto summit.

However, downward pressure has increased since Crypto.com’s proposal, with CRO erasing gains to flip negative on the monthly time frame.

In early trading today, CRO slid to $0.08, a 6% drop in 24 hours. The post-vote trading could see bears extend this trajectory, helped by broader market sentiment.

Currently, Cronos’ market capitalization stands at $2.13 billion. The 24-hour trading volume was $52.25 million, 21% down.

Community reaction to CRO vote

Crypto.com’s decision to re-mint 70 billion CRO tokens, which effectively means the supply triples, has elicited a sharp reaction from the community.

While the 100 billion tokens have a decade-long vesting schedule, and a 50 million CRO burn vote is on, frustration among CRO holders has been notable.

To many holders, the 2021 burn signalled a commitment to scarcity and value for holders.

However, some critics see this move as a dilution that only serves the top brass.

The majority of users blasted Crypto.com’s centralized control over the vote.

“Remember when $CRO was supposed to be deflationary? Yeah, that was a lie. They burned 70B tokens in 2021 to pump the price, only to re-mint the exact same amount three years later when it suited them. It’s a blatant bait-and-switch,” one analyst posted on X.

However, Crypto.com has defended the 70 billion CRO reissue as a move that will fund the “Cronos Strategic Reserve.”

Other than ecosystem growth, the project is eyeing support for AI-driven applications.

There’s also talk of a potential CRO-based exchange-traded fund (ETF) and onboarding of more users as investments in the US expand.