{"id":29249,"date":"2025-05-29T14:16:51","date_gmt":"2025-05-29T14:16:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29249"},"modified":"2025-05-29T14:16:51","modified_gmt":"2025-05-29T14:16:51","slug":"canto-rises-from-the-ashes-spiking-250-before-crashing-back-down","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29249","title":{"rendered":"CANTO Rises From the Ashes, Spiking 250% Before Crashing Back Down"},"content":{"rendered":"<div>\n<p>CANTO, the native token its namesake&#8217;s layer-1 blockchain, experienced a volatile trading session on Thursday, rising by 250% before losing 60% of its value over the subsequent six hours. <\/p>\n<p>The platform had lost the majority of its TVL (total value locked) and trading appetite after a feverish launch last year that saw it reach a $238 million market cap with $204 million in TVL.<\/p>\n<p>It currently has just $4.6 million worth of assets locked on the chain as a <a href=\"https:\/\/www.coindesk.com\/business\/2023\/05\/30\/the-plight-of-hyped-blockchain-canto-demonstrates-dreary-defi-outlook\/\">network outage<\/a> prompted an exodus from the chain.<\/p>\n<p>Canto&#8217;s plight also occurred during a wave of new layer-1 and layer-2 blockchains that caused an over saturation in protocols and liquidity.<\/p>\n<p>The project has not posted an update on X since September, despite stating that a new roadmap &#8220;would be released soon.&#8221;<\/p>\n<p>Thursday&#8217;s move can be attributed to a low liquidity low volume impulse in market buys, causing a momentary spike before a sell-off sparked by underwater positions taking profits.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CANTO, the native token its namesake&#8217;s layer-1 blockchain, experienced a volatile trading session on Thursday, rising by 250% before losing 60% of its value over the subsequent six hours. The platform had lost the majority of its TVL (total value locked) and trading appetite after a feverish launch last year that saw it reach a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29249","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29249"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29249\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}