CFX Token Surges 2.82% After Conflux 3.0 Upgrade and Ahead of 500 Million Unlock Event

CFXUSDT experienced notable price volatility in the last 24 hours, primarily driven by market reactions to the Conflux Network 3.0 upgrade, which introduced EVM compatibility, enhanced staking, and higher network throughput. The anticipation and subsequent launch of the upgrade led to significant price swings, with initial optimism fueling a surge followed by a sharp correction as momentum faded at resistance levels. Ongoing community discussions about the upcoming unlock of 500 million CFX tokens, which will increase circulating supply, have also contributed to market uncertainty and trading activity.

Currently, CFXUSDT is priced at $0.2008 on Binance, reflecting a 2.82% increase over the past 24 hours from an open of $0.1953. Trading volume remains substantial, and Conflux maintains a market capitalization of approximately $1.037 billion with a circulating supply of about 5.13 billion CFX. The asset continues to rank within the top 100-120 cryptocurrencies by market cap, with active trading on major exchanges.