u.today
The Canton (CC) token just did the funniest thing in a major crypto market top. One day you look and the Shiba Inu coin is still chilling in the big leagues off pure community belief gravity, next day an “$XRP killer” style project you barely hear retail talk about is sitting above the established meme coin.
According to CoinMarketCap, Canton (CC) is now ranked 25 with a market cap of $4.6 billion, while $SHIB slips to 26 at $4.34 billion. CC is listed at $0.1254, and it is the one wearing the green badge loudest, +14.05% over 24 hours and +17.04% over the week. $SHIB is up too, but it reads like polite weekend green, around $0.000007373 with +2.21% on the day and +2.25% on the week.
The reason this all matters is the label attached to CC. Canton gets sold as the institution-friendly RWA lane, the one that supposedly comes for $XRP’s long-held narrative, and that tag alone is enough to turn a ranking swap into a new narrative.
Cardano creator is not pleased with new $XRP rival
This week, Cardano's Charles Hoskinson treated that whole Canton pitch like a rival product, not a neutral curiosity. The core point was brutal as he said that legacy finance is teaming up with Canton to chase real-world assets, while ecosystems like $XRP and Midnight are already operating at a scale he called "100x beyond their ambitions," and the RWA prize is a $10 trillion arena where half-built strategy dies fast.
Fast forward to the weekly closing and the CC token is above $SHIB. If Canton keeps printing these leaderboard wins while holding the institutional angle, the “$XRP killer” label will stick long enough to force serious comparisons, not just memes.