South Korean Exchanges Warned Investors About This Altcoin!

Earlier this month, Cronos (CRO), the layer 1 blockchain of cryptocurrency exchange Crypto.com, announced plans to reissue 70 billion CRO tokens that were previously burned.

In this regard, Cronos put the proposal, which aims to return 70 billion CRO tokens, to the vote and it was accepted in the vote.

With the proposal accepted on March 17, 2025, the CRO supply will increase and the total CRO supply will increase from the current 30 billion CRO to 100 billion CRO in the next five years.

While this offer approval in CRO attracted a great reaction in the market, South Korea’s largest cryptocurrency exchange Upbit and Bithumb warned investors.

At this point, Upbit and Bithumb have warned investors about possible price volatility for Cronos (CRO).

Cronos (CRO) announced its future roadmap and proposed additional token issuance in a March 3, 2025 post titled “A New Golden Age for Cronos.”

The proposal was accepted on March 17, 2025, and the total CRO issuance will increase from the current CRO 30 billion to CRO 100 billion in the next five years.

Be especially careful when trading, as this is expected to lead to increased volatility in the future.”

Upbit said, “Cronos (CRO) has been brought to the attention of the Digital Asset Exchange Association (DAXA). The proposal to increase the CRO supply has been accepted and investors should be wary of the increased price volatility of CRO. Upbit will closely communicate with the Kronos team to ensure the safekeeping of member assets, and we will provide additional information through this notification if there are any additions or changes in this regard.”

*This is not investment advice.

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