Canton Price Drops Amid Macro Selloff and Supply Increase

Canton's price has dropped by 6.4% in the last 24 hours due to macro-driven market fluctuations and an increase in its circulating supply.

The total crypto market capitalization fell 2.44% to around $2.15 trillion, with altcoins also experiencing a decline.

This shift is largely attributed to the US Federal Reserve's decision to keep interest rates at 3.50-3.75%, signaling fewer cuts ahead and strengthening the US dollar.

The increased supply of Canton tokens is another contributing factor, with approximately 10 million CC added to circulation in a single day.