CFX Token Sees 9.31% Price Drop Amid Surging $205M Volume and Conflux Network 3.0 Launch

Conflux (CFXUSDT) has experienced a 9.31% price decline over the past 24 hours, with the current price at $0.1802 on Binance. This drop follows recent technical pressures, including profit-taking after a strong rally in late July driven by the announcement and launch of Conflux Network 3.0, which previously led to significant price surges. Short-term bearish sentiment has been observed as the token trades below key moving averages, despite underlying bullish momentum and increased trading activity. The 24-hour trading volume stands at approximately $205 million, and the market capitalization is around $917 million, reflecting heightened volatility and active participation across major exchanges.