CFX Token Sees 20.9% Drop After Mainnet 3.0 Surge and Offshore RMB Stablecoin News

CFXUSDT experienced significant volatility in the past 24 hours, with the price dropping 20.90% from a 24h open of $0.2206 to a current price of $0.1745 on Binance. This decline follows a period of sharp gains driven by the announcement of the Conflux 3.0 mainnet upgrade, which promises increased transaction throughput and on-chain AI agent support, as well as news of a strategic partnership for an offshore RMB stablecoin pilot. The recent price drop is primarily attributed to profit-taking after the rapid rally sparked by these developments, as traders reacted to the heightened hype and subsequent market correction.

Currently, CFXUSDT is trading at $0.1745 with a 24-hour trading volume ranging from $430 million to over $1 billion, and a market capitalization estimated between $877 million and $1.11 billion, reflecting ongoing high activity and consolidation after recent price swings.