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$CFX popped over 20% to $0.217 today after the network announced the imminent launch of its long‑awaited EVM-compatible “Nova” upgrade, which will allow Ethereum smart contracts and liquidity to flow directly onto Conflux’s high‑throughput chain. That news sent 24‑hour trading volume surging past $1.5 billion—nearly 140% of its market cap—as DeFi projects and yield farmers began migrating assets ahead of Nova’s rollout. With total and circulating supply fixed at 5.11 billion CFX, the combination of fresh demand from cross‑chain bridges, renewed developer activity, and tightening liquidity on exchanges created a classic supply‑shock spike in price and market cap.
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You need to touch grass. Or I will touch your soul
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$FXS jumped over 20% to $3.08 today on the back of a major protocol relaunch—transitioning from its former FXS ticker to a newly upgraded FRAX token with upgraded stability mechanisms and cross‐chain support. The rebrand reset market dynamics, driving a 250% surge in 24‐hour trading volume to $65 million and pushing market cap up to $273 million. As FRAX holders rushed to lock in the new asset ahead of next week’s governance vote on fresh collateral pools, circulating supply tightened at 88 million tokens, sparking a classic supply‐shock rally fueled by both renewed investor confidence and speculative momentum.
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$REZ spiked over 33% to $0.01482 on unusually heavy $336 million 24-hour volume—more than 1,500% above its market-cap average—after the protocol announced that its new cross-chain liquidity bridge has gone live on three major layer-1s, unlocking $1.1 billion in synthetic asset TVL and enabling seamless asset minting across Ethereum, BNB Chain, and Polygon. This launch not only broadened REZ’s addressable market by tapping into three vibrant DeFi ecosystems at once but also triggered a wave of whale accumulation; circulating supply tightened to just 3.26 billion tokens as on-chain data registered a sharp uptick in large-holder transfers, setting the stage for further momentum as Renzo rolls out next‐week’s governance vote on yield-boosting strategies.
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$HBAR jumped over 28% today to $0.2469, propelled by a confluence of bullish catalysts: the launch of Hedera’s Octopus EVM now enables full Ethereum-compatible smart contracts on its high-throughput, low-latency network; several large institutions—including Google Cloud and IBM—have demoed production use-cases, bolstering enterprise confidence; and a fresh influx of token unlocks from ecosystem grants added liquidity just as trading volume surged past $1.5 billion (a 109% increase), tightening supply and driving whales to accumulate ahead of further network rollouts and anticipated DeFi deployments.
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