Trump Media Set to Issue Non-Transferable Crypto Tokens, Cutoff Date February 2
Analysis
Price Impact
MedThe partnership between trump media and crypto.com, involving a new digital token distribution and a $6.4 billion investment in cro, is a significant event. however, the immediate market reaction saw cro's price drop, likely due to broader market retracement and the non-transferable nature of the trump media tokens limiting direct speculative interest in cro.
Trustworthiness
HighThe news source adheres to a strict editorial policy focusing on accuracy, relevance, and impartiality, created by industry experts, and meticulously reviewed, ensuring high standards in reporting.
Price Direction
BearishDespite the high-profile announcement of the partnership and future token distribution, crypto.com's native token (cro) failed to rally, instead plummeting to $0.089 and recording an 11% drop in the past week, overshadowed by broader crypto market retracement.
Time Effect
ShortThe immediate price action for cro was bearish following the announcement. while the partnership and token distribution in 2026 are long-term strategic moves, the short-term market reaction for cro was negative.
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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Trump Media & Technology Group Corp. (DJT) has officially announced the date for its highly anticipated distribution of a new digital token to its shareholders, as part of its partnership with cryptocurrency exchange Crypto.com. The record date for this digital token initiative will be February 2, 2026. Trump Media’s New Crypto Initiative According to the announcement , eligible shareholders will include ultimate beneficial owners and registered holders of at least one whole share of DJT stock as of the record date. In order to ensure a smooth distribution process, Trump Media will gather information from broker participants about eligible holders. Related Reading Is A New XRP Price Record Imminent? Analyst Forecast Colossal Short Squeeze Ahead 1 day ago After the record date, Trump Media plans to collaborate with Crypto.com to mint the digital tokens, which will be displayed on the blockchain and held in custody until distribution. In addition to the digital tokens, Trump Media has indicated that various rewards will be made available to record-date shareholders throughout the year. These rewards may include benefits or discounts associated with Trump Media’s offerings, such as Truth Social, Truth+, and Truth Predict. CRO Token Plummets The partnership between Crypto.com and Trump Media dates back to August last year, when the Trump-linked company announced a $6.4 billion investment in the crypto exchange’s native token, CRO, as part of a strategic reserve. Related Reading Ethereum Poised For $4,000 Breakout? Expert Pinpoints On-Chain Triggers For Potential Rally 16 hours ago Devin Nunes, Trump Media’s CEO and Chairman, expressed his enthusiasm about the latest move and the partnership with Crypto.com, stating: We look forward to leveraging Crypto.com’s blockchain technology consistent with Securities and Exchange Commission guidance to benefit our shareholders and promote transparency, including by obtaining a clear picture of bona fide beneficial ownership as of the record date. The daily chart shows CRO’s price drop on Tuesday. Source: CROUSDT on TradingView.com Despite the latest announcement, Crypto.com’s native token failed to capitalize on the news, dropping to $0.089 on Tuesday amid the broader crypto market’s retracement. It has recorded an 11% drop in the past week alone. Featured image from OpenArt, chart from TradingView.com