Hey

This stories about with tresuries have two strategy.

• On one hand, this gives Cronos a massive validation boost.
  On the other, it concentrates nearly 20% of CRO’s supply in a single corporate treasury — a bet that could pay off big, or backfire if CRO fails to scale.

So, i think you need a bit wait correction and buy it. Becuase if you check other coins aftere announcmetn they have great rasing and aftere 2-3 days it is started deflate

[Source](Source)