Canton Network's CC token fell 13.17% in 24 hours, a decline that coincided with futures outflows and continued token unlocks. Liquidation data still shows heavy liquidity clustered above the current price, leaving room for a rebound if CC reclaims key levels.
Canton Network [CC] fell 13.17% over 24 hours, trading near $0.08786 at press time. The decline coincided with futures outflows and continued token emissions.
Why is capital leaving CC futures?
CoinGlass recorded a $1.71 million net outflow from CC futures over 24 hours. Futures outflows reached $11.92 million, exceeding $10.21 million in inflows, and the market recorded a $4.52 million net outflow over seven days.
Meanwhile, open interest stood at $26.94 million. That figure shows substantial leveraged exposure remained despite the price decline, setting up a more cautious short-term market structure.
Are CC token unlocks adding selling pressure?
DeFiLlama showed scheduled daily CC unlocks worth about $1.9 million, with releases totaling roughly 21.55 million CC per day. The schedule includes app, validator, and super-validator rewards. Fresh token supply can weigh on price when demand fails to absorb it, though unlocks alone do not prove recipients sold their tokens.
Rwa.xyz reported $324.67 billion in Represented Asset Value on Canton, a figure 9.30% lower than 30 days earlier. Broadridge DLR accounts for Canton's only listed RWA, and the drop reflects a decline in represented asset value rather than confirmed capital leaving CC markets.
Can CC rebound toward $0.13?
CC's one-month liquidation heatmap shows sizeable liquidity clusters above the current price, with the largest concentration near $0.13 and additional clusters between $0.10 and $0.12. A rebound into these zones could force short sellers to close positions and accelerate an upside move.
Even so, liquidation clusters are not sell orders or guaranteed price targets. CC would first need to reclaim $0.10 before traders could focus on higher levels.
Source: AMBCrypto
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