Conflux (CFX) fell more than 10% after the announcement of its update v3.0.0, but smart money seems to be buying the dip. Despite the strong correction, accumulation trends and network changes could drive renewed interest.
Market Movement
Current price: $0.22
Daily change: +2.6%
7-day gain: ~20%
Trading volume: ~$450 million
Open interest: ~$160 million
The massive sell-off on August 3 caused long liquidations of $1.7 million
Spot investors moved ~$14 million in CFX to private wallets in five days
Update Details
Conflux completed its protocol update v3.0.0, introducing:
Improved EVM compatibility
New Proof of Stake consensus rules
Eight major protocol improvements (CIPs)
Target performance of 15,000 transactions per second
Mainnet update deadline: September 1, 2025
The update lays the groundwork for future releases, including:
Partnerships in AI, gaming, IoT, and cross-border payments
Developer programs focused on China, India, Spain, and Ukraine
On-chain signals and techniques
80% of recent gas usage came from three wallets — suggesting centralization
The derivatives market showed reduced interest after the sell-off
RSI bounced from oversold levels
Technical resistance seen near $0.228
MACD and SAR indicate a short-term bearish trend
Forecasts
CoinCodex: $0.24 by early September
Cryptopolitan: 2025 range between $0.39 and $0.47
Bitget: Long-term potential if network adoption improves after the update
Conclusions for investors
Accumulation by whales and private wallets suggests confidence
The update introduces the necessary scalability and improvements in EVM.
$CFX
Market Movement
Current price: $0.22
Daily change: +2.6%
7-day gain: ~20%
Trading volume: ~$450 million
Open interest: ~$160 million
The massive sell-off on August 3 caused long liquidations of $1.7 million
Spot investors moved ~$14 million in CFX to private wallets in five days
Update Details
Conflux completed its protocol update v3.0.0, introducing:
Improved EVM compatibility
New Proof of Stake consensus rules
Eight major protocol improvements (CIPs)
Target performance of 15,000 transactions per second
Mainnet update deadline: September 1, 2025
The update lays the groundwork for future releases, including:
Partnerships in AI, gaming, IoT, and cross-border payments
Developer programs focused on China, India, Spain, and Ukraine
On-chain signals and techniques
80% of recent gas usage came from three wallets — suggesting centralization
The derivatives market showed reduced interest after the sell-off
RSI bounced from oversold levels
Technical resistance seen near $0.228
MACD and SAR indicate a short-term bearish trend
Forecasts
CoinCodex: $0.24 by early September
Cryptopolitan: 2025 range between $0.39 and $0.47
Bitget: Long-term potential if network adoption improves after the update
Conclusions for investors
Accumulation by whales and private wallets suggests confidence
The update introduces the necessary scalability and improvements in EVM.
$CFX