CFX Token Soars 52% on Binance Amid Mainnet 3.0 Launch Hype, Token Burn, and Major Upgrades

CFXUSDT has surged by 52.59% in the last 24 hours, with the price rising from 0.1428 to 0.2179 on Binance. This significant price increase is primarily attributed to anticipation surrounding the upcoming Conflux 3.0 mainnet launch scheduled for July 30, 2025, and the ongoing Conflux Technology & Ecosystem Conference, where major network upgrades and new architecture were announced. Additional contributing factors include the recent approval by the Conflux community to burn 76 million CFX tokens and stake 500 million CFX, reducing liquid supply by approximately 11%, as well as positive developments such as CFX integration into a China Telecom e-SIM CBDC pilot and new mining services. The market has seen heightened activity, with 24-hour trading volumes reaching up to 2.01 billion CFX and notable volatility, reflecting strong investor interest and optimism ahead of the network upgrade.