CAP, the native token of the blockchain credit-backed platform, surged 38% to cross a $100 million market cap, trading at $0.06. The Sentiment indicator stands at 4.27 on a scale from -10 to 10, while Mindshare jumped 679% in 24 hours, reflecting significant market enthusiasm. However, on-chain flows remain weak: Total Value Locked grew only $10 million to $330 million, fees generated reached just $11,758, and Active Loans declined from $67.86 million to $61.55 million. The OI-Weighted Funding Rate turned negative at -0.4748%, and Spot Market Netflow dropped from $9.78 million to $2.20 million, indicating traders are piling into short positions and heightening the risk of a price decline.
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