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Canton Network to unlock $3.11M tokens, risking further price drop amid weak market conditions

Technical Signals
29 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Canton Network will unlock $3.11 million worth of tokens within 24 hours, following a similar $3 million unlock that led to a sharp price decline. This increase in circulating supply has caused traders to reduce exposure, with Open Interest dropping 9% recently. Technical indicators show bearish momentum, and key support at $0.13 is being watched as a potential price floor. The unlock may add selling pressure, keeping prices under pressure if demand doesn't absorb the new supply.

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