Cluster Protocol Tumbles Amid Coinbase Listing

Cluster Protocol's (CP) listing on Coinbase has come at a tumultuous time for the token, which is down 8.11% over the past 24 hours to trade near $0.03049.

The recent price drop brings CP closer to its all-time low of $0.02919, set just hours ago according to CoinGecko data.

Despite this volatility, Cluster Protocol's open interest has been rising, a trend often described as bearish divergence, per Coinglass tracking.

The token's market cap sits at $41.736 million with a fully diluted valuation of $152.422 million, and 24-hour trading volume is $49.254 million, according to CoinGecko data.