Centrifuge’s CFG token surged 12% in the past 24 hours, ranking among the top crypto gainers. The rally followed an announcement of its expansion onto Base Chain to enable trading of tokenized S&P 500 assets. The altcoin’s price rebounded from a key Fibonacci retracement level, showing a potential trend shift, while its underlying network metrics like Total Value Locked and revenue showed steady growth.
The past 24 hours saw most altcoins record losses, but Centrifuge [CFG] was a standout performer with a 12% increase. The rally was driven by its announcement to expand to Base Chain, where it will allow trading of tokenized S&P 500 as a new asset class.
CFG’s price bounced off the zone between the 0.618 and 0.786 Fibonacci Retracement levels after losing its rising trendline support. The altcoin is now seeing rejection around $0.17 but holding above the 0.5 Fib level increases its potential to reach $0.1857.
Technical indicators show a shift, as the MACD lines have had a crossover confirming a short-term trend change. This puts $0.1857 as a potential reversal zone unless bulls can gather enough momentum past the current resistance.
As Centrifuge expanded its chain, its Total Value Locked grew to $1.6 billion from $1.2 billion. The platform now includes four asset classes: treasuries, AAA CLOs, private credit, and S&P 500, with treasuries accounting for the largest share.
Its revenue showed steady growth, with March recording higher revenue than February. Dune Analytics recorded a total of 19,699 unique addresses interacting with CFG, with holders growing steadily since May 2025.
In summary, CFG prices were mainly driven by network activity alongside a bullish technical setup. Only 14 new holders were added in the past 24 hours, taking the total over time to 9,111.
