CFX Token Drops 5.86% Amid Profit-Taking, AxCNH Launch, and Mainnet Upgrade Anticipation

Conflux (CFXUSDT) experienced a 5.86% price decrease in the last 24 hours, with the current price at $0.2153 on Binance. This decline is primarily attributed to profit-taking and increased selling pressure following the recent surge driven by anticipation of the upcoming Conflux 3.0 mainnet upgrade and related network developments, including changes to PoW block rewards and interest rates scheduled for August 10, 2025. Additional factors influencing volatility include the recent launch of the AxCNH yuan-pegged stablecoin, partnership with dForce for real-world asset integration, and an imminent major token unlock. Despite the short-term pullback, Conflux maintains a market capitalization of approximately $1.09 billion, a circulating supply of 5.12 billion tokens, and substantial 24-hour trading volume exceeding $200 million, reflecting continued active market participation.