Canton Network surges on SEC-linked boost – Can CC extend gains?

Canton Network, which focuses on blockchain infrastructure for institutional and corporate use cases, has continued to secure notable partnerships.

The network’s native token, CC, has emerged as the immediate beneficiary of these developments. The token gained 11% over the past 24 hours, making it the top daily gainer, according to CoinMarketCap data.

Investor sentiment has also reached its most bullish level since CC’s launch. CoinMarketCap data showed that 89% of voters expect further price appreciation.

With momentum building, market participants had been increasingly betting on a continuation of the rally into the weekend.

Partnerships continue to support price action

Canton Network is drawing renewed market attention after The Depository Trust & Clearing Corporation (DTCC) received a non-action letter from the U.S. Securities and Exchange Commission (SEC), clearing the path for tokenized treasury infrastructure on the network.

The regulatory green light allowed DTCC to tokenize assets from its Depository Trust Company (DTC) on the Canton Network. The development has sparked bullish interest across the market, with investors positioning for potential upside into the weekend.

In fact, the collaboration adds to a growing list of strategic partnerships that have historically supported CC’s price performance.

Canton Network has previously recorded notable gains following key integrations, a trend that has helped cushion price action during periods of weaker sentiment across the broader crypto market.

Earlier this week, a partnership with modular blockchain oracle RedStone [RED] pushed CC up by 5%, while trading volume surged 288% to $21.79 million.

At press time, volume had moderated to $28.69 million, with market capitalization standing at $3.13 billion.

Liquidity builds across spot and derivatives markets

Market positioning suggested growing conviction among both retail and Derivatives traders.

In the perpetual market, the Open Interest–Weighted Funding Rate remained positive at approximately 0.0060%, indicating that long positions continue to dominate.

Combined recent and existing capital showed that $14.28 million has flowed into long contracts, with traders paying higher fees to maintain upside exposure.

Spot market data mirrored this trend.

Retail investors recorded net purchases of $61,640 over the past day, while weekly net inflows show that $6.40 million has been deployed into CC over the past seven days.

Heatmap signals caution despite bullish structure

Despite the strong bullish setup, liquidation data suggested that traders remain cautious.

The Liquidation Heatmap showed heavier liquidity clusters positioned below the current price level than above it. These clusters, often highlighted in green and yellow, tend to attract price action over time.

With more downside liquidity in place, CC could see a pullback toward lower levels. Such a move would not necessarily invalidate the broader bullish trend and could instead act as a short-term retracement before a renewed push higher.

Overall, market sentiment remains constructive, supported by regulatory clarity tied to the SEC’s non-action letter, continued institutional partnerships, and sustained capital inflows in the derivatives market.

Final Thoughts

• Securities and Exchange Commission (SEC) regulatory clearance paves the way for the launch of tokenized treasuries on the Canton Network.
• Investors across multiple market segments continue to position for upside in CC, expecting gains to build in the near term.