CC token surges 11% in 24 hours, regulatory positive boosts asset tokenization wave

【Crypto World】Canton Network’s native token CC has recently gained popularity. It surged 11% within 24 hours, becoming the most talked-about asset of the day. The voting data is even more impressive—89% of people are bullish, a level of consensus rarely seen in the crypto space.

The catalyst behind this is the U.S. Securities and Exchange Commission(SEC)'s key non-enforcement letter. What does this mean? DTCC can now tokenize assets on the network. Don’t underestimate this step; it represents a significant breakthrough for the entire on-chain financial system. CC had already laid the groundwork through a series of collaborations, and this positive news has directly ignited market enthusiasm.

Market liquidity is indeed hot. Long contract positions amount to $14.28 million, with a weekly net buy-in of $6.4 million, indicating that both institutions and retail investors are increasing their positions. But here’s a warning—liquidity concentration data shows that the majority of liquidity is stacked below the current price, a typical technical indicator suggesting short-term potential for a pullback. When prices rise comfortably, they can fall just as sharply. So, while the long-term outlook remains positive, short-term risk management is essential.