Canton Network's native token CC surged approximately 12% on December 9, 2025, becoming one of the top daily gainers in the cryptocurrency market according to CoinMarketCap. The rally pushed CC's price to around $0.07281, marking a significant recovery from weeks of decline and positioning it as the second-strongest market mover.
The primary catalyst for the price increase appears to be renewed investor confidence following a major funding announcement. Digital Asset, Canton Network's parent company, recently secured strategic capital from major global financial entities including BNY Mellon, iCapital, Nasdaq, and S&P Global. This institutional backing highlights growing demand for regulated, interoperable blockchain infrastructure among traditional finance giants.
Fundamental strength supports the optimism. The Canton ecosystem reports over 600 institutions using its privacy technology across approximately $6 trillion in tokenized on-chain assets. Additionally, the project's entire token supply is already circulating, eliminating future dilution risk, and a recent $50 million funding round aims to expand real-world asset capabilities.
However, market data reveals conflicting signals. While spot investors accumulated $1.1 million worth of CC between December 6-7, they began exiting after the token reclaimed the $0.07480 level, with total sell volume reaching roughly $803,000. Technical indicators show steady buying activity, with the Accumulation/Distribution line climbing since December 5, though it remains in negative territory indicating selling volume still outweighs accumulation.
The most concerning development emerges from derivatives markets. Despite an overall long-to-short ratio above 1 (indicating more buying than selling), major exchanges Binance and OKX show dominant selling volume with ratios of 0.67 and 0.44 respectively. These two exchanges control substantial derivatives volumes—$74.59 million on Binance and $30.50 million on OKX—giving their traders outsized influence. The Open Interest Weighted Funding Rate has turned negative, signaling building selling pressure as traders position for potential downside moves.
Technical analysis suggests potential for continued recovery if CC can break above a key descending resistance line and maintain support above recent lows. The RSI has recovered from oversold levels, and trading activity reached its highest point since late November, improving liquidity. Analysts note that CC's bounce from all-time-low regions coincided with improved market sentiment as Bitcoin stabilized near $90,000, allowing traders to reconsider undervalued assets with strong fundamentals.
