CFX Token Sees 2% Dip Amid Conflux 3.0 Upgrade, High Volume, and Upcoming Unlock

CFXUSDT has experienced a 2.06% price decrease over the past 24 hours, currently trading at $0.2095 on Binance. This decline is primarily attributed to profit-taking and market consolidation following the recent Conflux 3.0 mainnet upgrade, which introduced significant improvements such as increased throughput, EVM compatibility, and AI agent support. The announcement of reduced PoW block rewards and the upcoming unlock of 500 million tokens in August 2025 have also contributed to heightened market activity and volatility. Despite the short-term downturn, Conflux maintains strong trading volume, with 24-hour figures ranging from $159 million to $341 million and a market capitalization near $1.07 billion, while the weekly trend remains positive with notable price surges linked to recent network developments.