#BroadridgeDLR

Canton Network falls amid $1.9M unlocks

Canton Network (CC) experienced a 13.17% price decline over 24 hours, trading at $0.08786 amid significant futures outflows totaling $11.92 million. The downward pressure is exacerbated by daily token unlocks valued at approximately $1.9 million, which release 21.55 million CC tokens for app and validator rewards. Despite the price drop, Open Interest remains at $26.94 million, indicating that leveraged market participants are maintaining exposure. Data from rwa.xyz reveals that the Represented Asset Value on the Canton Network has fallen to $324.67 billion, a 9.30% decrease over the past month. This decline is primarily attributed to the performance of Broadridge DLR, which currently serves as the network's sole listed RWA. While the token supply increases, liquidation heatmaps suggest potential upside volatility if the price reclaims the $0.10 level, which could trigger short squeezes. The current market structure remains cautious as demand struggles to absorb the ongoing token emissions. This situation highlights the sensitivity of RWA-linked network tokens to both supply-side inflation and the underlying performance of institutional assets.

AMBCrypto·2h ago