CTK Token Surges 31.94% in 24 Hours Amid Soaring Trading Volume and Derivatives Interest

CTKUSDT (Shentu/CertiK) recorded a significant 24-hour price increase of 31.94%, rising from $0.2783 to $0.3672, with a trading volume of $24.82 million and strong technical indicators such as an RSI above 87 and positive MACD values. The recent price surge appears to be driven primarily by heightened trading activity, increased open interest in derivatives (+324.3%), and CTK’s status as a Launchpool gainer, rather than any specific ecosystem developments or regulatory events. Despite the notable short-term momentum and outperforming the broader crypto market, analysts highlight that the rally is occurring amid ongoing volatility, reduced liquidity, and persistent investor uncertainty, with no clear fundamental catalyst identified for the latest upward movement.