Centrifuge token drops 14% amid sharp decline in real-world asset token volumes

Centrifuge (CFG), a leading tokenization platform, saw its market cap fall 14% in a day as the broader crypto market and real-world asset (RWA) token volumes plunged. Monthly token trading volume for RWA issuers dropped drastically from $1.406 billion to $198 million, with Centrifuge's volume down 7.5% over 30 days. CFG price broke below key support levels, signaling bearish momentum, with potential further declines toward $0.12-$0.14 or even $0.0997 if demand zones fail. A rise above $0.20 could pause the downtrend, but current indicators show sellers dominating.