CFX Token Dips 2.44% After Conflux 3.0 Upgrade and Ahead of 500M Token Unlock Event

CFXUSDT experienced a 2.44% price decrease in the last 24 hours, with the current price at $0.2083 and a 24-hour open of $0.2135, as reported by Binance. The recent price movement is primarily attributed to the completion of the Conflux Network 3.0 mainnet upgrade, which increased throughput and introduced native on-chain AI agent invocation, as well as anticipation surrounding upcoming supply events including a PoW reward reduction and a 500 million token unlock. Additional factors influencing market sentiment include the launch of an offshore yuan-pegged stablecoin (AxCNH) and ongoing technical analysis indicating selling pressure at key support levels. Trading volume remains substantial, and Conflux maintains a market capitalization of approximately $1.07 billion, ranking among the top cryptocurrencies by market cap.