Crypto.com’s CRO Token Gained Over 15% on Thursday Amid Speculations That the Token Will Be Included in Donald Trump’s Strategic Crypto Reserve.

Cronos (CRO), the native token of Cronos Chain, soared by 15.8% on Thursday amid speculation that it could be included a strategic crypto reserve, recently unveiled by the U.S. President Donald Trump.

Crypto.com’s CRO token has surged by double digits amid speculation that it could be part of Donald Trump’s strategic crypto reserve.

Cronos (CRO), the native token of Cronos Chain, soared by 15.8% on Thursday, marking a significant gain in the crypto market.

According to crypto.news price tracking page, the price of CRO jumped to $0.09 by 07:04 ET (11:04 GMT). As a result, the trading volume of the token soared by nearly 100%, according to data from crypto price aggregator platforms.

The pump comes a few hours after Fox Business journalist Eleanor Terrett revealed in an X post that Crypto.com’s chief executive Kris Marszalek “will be attending the White House Crypto Summit on Friday,” without disclosing the sources.

As a result, Marszalek joins a growing list of more than a dozen crypto executives set to attend the event, alongside Ripple CEO Brad Garlinghouse and Chainlink co-founder Sergey Nazarov.

The development comes as the U.S. president unveiled plans for a national crypto reserve earlier this week.

Earlier this week, Trump announced his administration’s intention to establish a strategic crypto reserve, drawing an analogy to the country’s petroleum reserve.

According to Trump’s statements, the administration is planning to incorporate Bitcoin, Ethereum, XRP, Solana, and Cardano into the crypto reserve. However, he also mentioned that the administration will add “other valuable cryptocurrencies” to the mix.

While initial expectations centered on Bitcoin as the sole asset in the reserve, Trump’s comments expanded the range of tokens that could potentially be included.