CFX Token Slides 3.10% After Conflux v3.0 Upgrade Amid PoW Changes and Major Token Unlock

Conflux (CFXUSDT) experienced a 3.10% price decrease over the past 24 hours, with the current price at $0.2094 on Binance. The recent price movement is primarily attributed to post-upgrade consolidation following the launch of Conflux Network v3.0, which introduced enhanced EVM compatibility, scalability improvements, and AI integration. Additional factors influencing market sentiment include anticipation of the scheduled PoW reward reduction and a 500 million token unlock in August 2025, as well as the introduction of the AxCNH yuan-pegged stablecoin and new RWA partnerships. Trading volume has declined, with 24-hour volume on Binance at 151.50 million CFX (approximately 32.65 million USDT), and the market remains volatile, with key support levels being closely monitored by traders.