Cronos Network burns 1.79M CRO tokens in first monthly buyback worth $92K

Cronos Network has completed its first monthly buyback and burn, removing 1,791,534.14 CRO tokens valued at about $92,000. This action is part of a community-approved tokenomics plan that directs all revenue from Cronos Ult and Cronos Launch to buy CRO tokens on the open market for burning. The plan aims to reduce token supply monthly, potentially increasing token value. Cronos Network will publish the transaction hash for transparency with each buyback moving forward.

Cronos (CRO) is trading at Rp933 on Pluang as of Oct 30, 2026, 14:51 WIB. The token has experienced a 2.74% decline in the past day. Despite this, all Pluang order activity for CRO currently consists of buys, with a typical hold time of 16 days among investors.