CFX Token Surges 26% After Strategic Partnership and Mainnet Upgrade Announcement, $11M Shorts Liquidated

Conflux (CFXUSDT) has experienced a significant price increase in the past 24 hours, rising by 26.37% on Binance to $0.2166. This surge is primarily attributed to the announcement of a strategic partnership with AnchorX and Eastcom Peace to support offshore RMB stablecoin issuance and cross-border settlement in Belt and Road countries, as well as anticipation surrounding the upcoming Conflux 3.0 mainnet upgrade scheduled for July 30, 2025, which aims to enhance network scalability and performance. Additional momentum has come from a short squeeze, with over $11 million in short positions liquidated, and a substantial increase in trading volume, reflecting renewed investor confidence.

Currently, Conflux is trading at $0.2166 with a 24-hour trading volume of approximately $1.67 billion, a market capitalization of around $1.13 billion, and a circulating supply of about 5.11 billion CFX, ranking it #82 by market cap.