CFX Token Sees 54% Surge in Trading Volume Amid TreeGraph 3.0 and PoS 2.0 Hard Fork

Conflux (CFXUSDT) experienced a 3.37% price decline over the past 24 hours, with the current price at $0.1722 according to Binance. The recent price movement is primarily attributed to profit-taking and market consolidation following the significant rally in late July, which was driven by anticipation and announcements of the TreeGraph 3.0 upgrade and the upcoming PoS 2.0 hard fork. Increased trading volume, up by over 54% in the last day, reflects heightened market activity as traders respond to these network developments and position ahead of the August 18 hard fork. The asset traded between $0.1739 and $0.1814 in the past day, with a market capitalization estimated between $884 million and $917 million and a circulating supply of approximately 5.1 billion CFX.