CTK Token Soars 29.2% Amid Surging Trading Volume, New Leverage Products, and Network Upgrade

CTK (Shentu) experienced a notable price increase of approximately 29.2% over the past 24 hours, with the current price at $0.3710 according to Binance data. This surge is primarily attributed to heightened speculative interest and increased social media attention, rather than any specific technological developments or major announcements. Additional contributing factors include recent ecosystem support, such as the introduction of new perpetual contracts with up to 75x leverage and the successful completion of a network upgrade and hard fork, as well as expanded trading access on major exchanges. Trading activity has intensified, evidenced by a significant rise in open interest and trading volume, positioning CTK as a top-performing altcoin during a period when leading cryptocurrencies like Bitcoin and Ethereum have remained relatively stable. Overall, CTK’s recent market movement reflects a combination of speculative trading and increased visibility within the crypto community.