CFX Token Faces 2.54% Drop Amid v3.0 Upgrade, PoW Reward Cut, and 500M Unlock Event

Conflux (CFXUSDT) experienced a 2.54% price decline over the past 24 hours, trading at $0.2069 on Binance. The recent price drop is primarily attributed to technical pressures following the completion of the v3.0 upgrade, anticipation of the upcoming PoW reward reduction on August 10, and the scheduled 500 million token unlock on August 11, which have contributed to increased volatility and cautious sentiment among traders. Despite robust trading activity with a 24-hour volume exceeding $141 million and a circulating supply of approximately 5.12 billion coins, the market remains mixed as investors monitor key support and resistance levels amid ongoing developments and strategic partnerships.