CUSDT Drops 26.76% After Futures Launch: High Volume Signals Ongoing Interest in C Token

CUSDT experienced a significant 24-hour price decline of 26.76%, falling from 0.3651 to 0.2674 on Binance. This sharp drop follows a period of heightened trading activity driven by the recent launch of CUSDT perpetual futures contracts on major exchanges including Binance, Bybit, and Bitget, which began on July 15, 2025. The initial surge in trading volume and volatility was likely fueled by increased speculative interest and leverage opportunities, as evidenced by Binance Futures reporting a 24-hour volume of 5.67 billion C. However, after the initial excitement surrounding these listings, profit-taking and market normalization appear to have contributed to the recent price correction. Overall, CUSDT is currently trading at 0.2674 with high derivatives volume, reflecting ongoing interest in the new futures products despite the recent price retracement.