CFX Token Drops 5% Amid Mainnet 3.0 Hype, Stablecoin Launch, and Surging $170M Volume

CFXUSDT experienced a 5.06% price decrease over the past 24 hours, trading at $0.2025 after opening at $0.2133. This decline follows a period of heightened volatility and significant price movements driven by anticipation of the Conflux 3.0 mainnet upgrade, which promises scalability improvements and AI integration. The recent launch of the AxCNH yuan-pegged stablecoin and new partnerships with major Chinese firms have contributed to increased market activity and a 99% rise in Total Value Locked in July. Despite the short-term pullback, trading volume remains robust at over $170 million, and the market is closely monitoring upcoming network developments and stablecoin initiatives as key factors for future performance.