$CFX is a project developed by a privately-owned enterprise in China, not a state-owned or centrally controlled entity, and it has not received official recognition from the Chinese government. The trading activity is largely driven by Chinese retail investors, while major foreign institutions and large-scale investors (“whales”) have shown little interest or endorsement.
Market observations suggest that the project’s founding teams and related stakeholders have been consistently selling their holdings for profit, leaving subsequent buyers to bear the risk. This ongoing sell-off has been a key factor limiting substantial price growth.
While recent momentum has been fueled by market enthusiasm over upcoming technological upgrades, expectations of multiple-fold returns within a short timeframe appear unrealistic under current market conditions.
