CFX is really skilled when it comes to public relations. I remember the big surge at the beginning of 2023, which was due to a collaboration with telecommunications on a blockchain SIM card, claiming to be the "only compliant public chain in China." Although it eventually fizzled out, it didn't affect Chen Fengxia's prominence for quite a while.

This time, they have started to hype the concept of public chains + renminbi stablecoins, with Conflux partnering with AnchorX and Eastcompeace, leveraging support from the Shanghai government and emphasizing the "stablecoin + compliance" concept, which has raised community enthusiasm.

Although it is highly likely that nothing substantial will materialize in the end, it still does not impact the hype, as it has surged more than four times from the low on June 22nd to today’s peak. This type of coin might be more suitable for those who enjoy significant ups and downs and strong thrills.