Conflux (CFX) Soars as “TreeGraph 3.0” Upgrade Sparks $7.4 Million Short Squeeze
Main Idea
Conflux (CFX) experienced a significant price surge of over 52% in 24 hours following the announcement of its 'TreeGraph 3.0' upgrade, which includes features like 15,000 TPS, AI agent integration, and EVM compatibility, leading to intense market activity and a $7.4 million short squeeze.
Key Points
1. Conflux Network's token $CFX surged over 52% in 24 hours, reaching a high of $0.247 after announcing the 'TreeGraph 3.0' upgrade.
2. The upgrade includes 15,000 TPS, AI agent integration, EVM compatibility, and reduced transaction confirmation times.
3. 24-hour trading volume soared to $1.68 billion, marking a 577.77% increase, indicating strong market confidence and buying interest.
4. A $7.4 million short squeeze occurred, with Binance leading the liquidation volume, followed by OKX and Bybit.
5. Technical indicators like MACD show strong momentum, but RSI indicates overbought conditions, suggesting potential near-term risks.
Description
Conflux (CFX) has surged over 52% in 24 hours after announcing its new “TreeGraph 3.0” upgrade The rally was intensified by a massive short squeeze that liquidated $7.4 million in bearish bets While momentum is strong, the RSI has reached an extremely overbought level of 90, signaling caution. Conflux Network’s token $CFX, sometimes referred to as the “Chinese Ethereum,” rose over 45% to $0.2138 after TreeGraph 3.0 was introduced at a conference in Shanghai. The upgrade includes a target of 15,0...
Latest News
- Ethereum Gains Favor as a Corporate Treasury Asset Beyond Bitcoin2025-07-22 17:27:07
- CoinDCX CEO Counters $44.2M Hack Fears Revealing $136 Million in Annual Revenue2025-07-22 16:24:12
- With 100 Million Crypto Users, Indian Exchanges Say It’s Time to Fix the Tax Laws2025-07-22 16:20:55
- Web3 Firm Hashed Emergent Drafts a Crypto Law It Hopes India Will Adopt2025-07-22 15:34:13
- Eric Trump’s Controversial ETH Prediction Ends Up in Profit2025-07-22 15:02:13