CryptoMedium•4 October 2026•
1 min read
Cronos Completes 228 Million CRO Token Burn and Approves Buyback Plan
Key Facts
1Cronos completed a burn of 228 million CRO tokens, bringing the cumulative total to 428 million CRO.
2Buybacks will be funded by revenue from Cronos Ult and Cronos Launch, with tokens burned on a monthly basis.
Cronos completed a burn of 228 million CRO tokens, bringing the cumulative total of burned units to 428 million. Tokenpost reported that the community approved a strategic plan to reduce the circulating supply through both significant one-time burns and ongoing monthly open-market buybacks.
Future buybacks will be funded by revenues generated from Cronos Ult and Cronos Launch, with the acquired tokens slated for monthly destruction. Regarding market performance, CRON closed at $3.23 on October 2, 2026, having reached a day high of $3.28 and a low of $3.19.