Conflux (CFX) Jumps 29% After Upgrade Announcement
- Conflux’s price rises following upgrade announcement.
- CFX climbs over 29% in 24 hours.
- Significant trading volume and project developments.
Conflux’s token CFX experienced a 29% surge reaching over $0.24 within a day, driven primarily by an anticipated upgrade and heightened on-chain activity.
The rally underscores growing investor interest, potentially leading to increased institutional involvement and heightened market participation amid a speculative landscape.
The price of Conflux (CFX) rose over 29% in the last 24 hours, exceeding Conflux’s historic performance . Conflux’s upcoming 3.0 upgrade, combined with ecosystem partnerships, fueled this surge. No leadership comments were available immediately on this surge.
Key figures behind Conflux include Dr. Fan Long, an MIT alumnus and pioneer in blockchain research. The team also involves CTO Ming Wu. No direct statements from them have surfaced about the recent price increase.
The price spike attracted attention as over $11 million in short positions were liquidated. The surge stirred speculative trading, portrayed by the rise in derivatives’ open interest.
Implications of this event touch on financial markets as speculation ties potential acquisitions by a Hong Kong-listed biotech company. This could result in institutional involvement, pending verification of acquisition rumors.
Historic price booms in CFX frequently followed technical developments or regulatory news. The present rally is consistent with past Layer 1 blockchain token behaviors.
Potential outcomes of the Conflux 3.0 upgrade include higher transaction throughput and improved decentralization. Market analysts speculate increased adoption amid steady development, reflecting positive sentiment towards CFX’s technological growth.
“As of the latest search, no direct quotes from leadership or key opinion leaders (KOLs) regarding the CFX price surge have surfaced. However, there are no official statements from the Conflux Network or major figures like Dr. Fan Long or Ming Wu that have been captured in primary communication channels.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nigeria’s Digital Boom Meets Strict Data Guardrails
- Nigeria’s internet data consumption hit 1.13 million terabytes in July 2025, driven by 4G/5G expansion and rising online activity. - Mobile teledensity reached 78.11% with 169 million subscriptions, but a 50% tariff hike reduced total users while boosting per-user data usage. - NDPC intensified data protection enforcement, fining firms like Multichoice and Fidelity Bank up to N766.2 million for compliance breaches. - Financial and tech sectors face pressure to adopt technical measures like encryption ami
Polygon Unveils USDT0: A Native Leap for Multichain Liquidity
- Polygon launches USDT0 and XAUt0, native stablecoins enhancing cross-chain interoperability and reducing transaction costs on its blockchain platform. - USDT0 eliminates bridging requirements via Polygon's PoS chain, while XAUt0 introduces gold-backed liquidity for DeFi and asset management. - The upgrades leverage Polygon's AggLayer and Bhilai Hardfork to strengthen its position as an institutional-grade multichain infrastructure leader. - Minted via Ethereum-based contracts, these tokens reduce relianc
Institutional Bet Amid $161M SUI Unlocks: Will Buyers Hold?
- SUI, Sui's native token, trades at $3.49 with 2% gains but a 19% monthly drop amid broader crypto volatility. - $161M in SUI unlocks (1.2% supply) from Aug 25-31 risk heightened selling pressure as 308-day compression nears. - Institutional confidence grows via Sygnum's regulated products and Mill City Ventures' $470M token purchases. - Ecosystem expansion includes tokenized gold (XAUm) and Q2 DeFi growth (TVL up 44.3% to $1.76B), yet short-term price stability remains uncertain.
Fluent's Strategic Pivot to Data Intelligence: A Catalyst for Long-Term Growth in a Post-Cookie Era
- Fluent partners with Databricks and appoints Virginia Marsh to lead data monetization, adapting to the post-cookie era with privacy-first solutions. - The U.S. advertising market is projected to grow at 8.5% CAGR, with retail media expanding 15–20% YoY, driven by first-party data. - Fluent's commerce media segment saw a 121% YoY revenue increase in Q2 2025, contributing 36% of total revenue and showing a path to profitability. - Fluent's integrated data clean room and cross-platform collaboration differe
Trending news
MoreCrypto prices
More
