CFX Token Sees 3.53% Drop Amid Market Consolidation After Mainnet 3.0 Upgrade Rally

Conflux (CFXUSDT) experienced a 3.53% price decline over the last 24 hours, with the current price at $0.1720 according to Binance. This downward movement follows a period of heightened volatility and recent profit-taking after substantial gains in July, which were driven by the announcement and completion of the Conflux 3.0 mainnet upgrade and anticipation of the upcoming PoS 2.0 hard fork. The upgrade improved transaction throughput and network features, initially fueling positive sentiment and a sharp price rally. Currently, CFXUSDT maintains active trading with a 24-hour volume between $41.8 million and $50.5 million and a market capitalization near $897.4 million to $910.4 million, while short-term price pressure reflects market consolidation after recent advances.