Key Takeaways
Cronos fell 11% in 24 hours following a sudden spike in sending activity. Whales are still holding on, and buyers haven’t backed off yet.
Cronos [CRO] just took a hit — dropping over 11% in the 24 hours. That is a sharp drop considering the token’s recent stretch of upward momentum.
What’s interesting, though? The drop comes right as the number of active sending addresses jumped.
But underneath the surface, some on-chain metrics points to a potential long-term rally, suggesting that the price correction could be for a short run.
Spike in senders — but buyers still active
The short term price correction coincides with a surge in active sending addresses over the same period — usually a common signal of profit-taking phase among retail holders.
More wallets are moving CRO out, likely to lock in gains after the recent push.
Interestingly, this activity has not yet flipped the entire market bearish.
Source: CryptoQuant
Big orders still fall to the buyers sides and whales are showing no signs of exiting the asset.
In fact, some large wallets have been steadily accumulating since CRO’s last breakout around the $0.081 mark — a key level where price consolidated before taking off.
Source: CryptoQuant
Is this just a test of demand?
The drop could simply be a technical correction, aimed at filling the demand gap near $0.0863 — a price gap left behind during the recent impulsive rally.
If that gap fills and buy-side volume steps in, it could reset the structure and give CRO bulls a fresh base to launch the next move.
Source: Trading View
The cumulative volume delta (CVD) still favors buyers. Despite the price dip, demand has not collapsed — a sign that sentiment underneath the chart may still be strong.
Source: CryptoQuant
Where will CRO head next?
The big question now is whether CRO can stabilize above the $0.085–$0.086 support band. If it holds and the accumulation continues, bulls could regain control and push price back toward recent highs.
If short-term holders keep offloading into the dip, it could drag CRO into a deeper correction phase.
For now, though, the whales are not blinking — and that is usually a signal worth watching.
