CFX Token Drops 19.98% After 90% Rally Amid Tree-Graph Upgrade Hype and High Trading Volumes

Conflux (CFXUSDT) experienced a sharp 19.98% price decline over the past 24 hours, with the current price at 0.1666 USDT on Binance, following a period of heightened volatility driven by anticipation for the upcoming Conflux 3.0 "Tree-Graph" upgrade scheduled for July 30, 2025. The recent price surge, which saw CFX rally over 90% in the preceding week, was fueled by the upgrade announcement, increased large wallet accumulation, and positive sentiment around the launch of an offshore yuan-pegged stablecoin in partnership with AnchorX. As traders took profits after the rapid rally, the price corrected from recent highs near $0.25. Trading volume remains robust, with 24-hour volumes ranging from $347 million to over $1 billion, and the market capitalization stands at approximately $858 million, ranking CFX around 129th among cryptocurrencies.