CFX Token Sees 4.71% Drop After Mainnet 3.0 Launch, Trading Volume Surges Amid Volatility

Conflux (CFXUSDT) experienced a 4.71% price decline over the past 24 hours, with the current price at $0.2022 on Binance, opening at $0.2122. The recent price movement appears to be influenced by profit-taking following a strong rally in late July, which was driven by anticipation and subsequent launch of the Conflux 3.0 mainnet upgrade and positive sentiment around its involvement in a yuan-pegged stablecoin pilot in China. Despite the recent dip, trading activity remains high, with 24-hour volumes between $155 million and $278 million and a market capitalization estimated at $1.03–$1.12 billion, reflecting continued investor interest amid ongoing volatility.