Trump Media terminated its strategic partnership with Crypto.com valued at $6.42 billion, including $1 billion in CRO tokens and a $5 billion credit facility. Cronos token dropped 13.8% over the past week and 30.4% since the $400 million strategic investment announcement from Citadel Securities on July 16. Technical indicators including CMF at -0.28 and the A/D indicator confirm intense selling pressure. CRO now trades below the $0.053 support level, just 6% above its 2023 low of $0.05, and is down 94% from its November 2021 all-time high of $0.89.
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