A9 人类

Does letting users pay no Gas mean the token loses its demand? Amid the buzz around CFX, I’d rather unpack this question.

According to Binance spot data collected at 16:10 Beijing time on October 11, $CFX was up about 34.52% over the rolling 24 hours, and rose about 17.08% across the four full hours from 12:00 to 16:00. Trading volume from 15:00 to 16:00 was about 5.18 million USDT, 3.49 times the average of the previous five full hours, while the price fell about 0.77% during that hour. Trading activity has clearly increased, but the specific drivers remain uncertain.

While checking the original project post, I found a detail that’s easy to misread: Fluent’s feature description, posted on the Conflux forum on September 24, supports Gas-free USDT0 transfers on eSpace, up to 10 per address every 24 hours, with fees sponsored by the Conflux Foundation. The original post says Swappi swap support is still planned for the future; it should not be described as already live. This is background on an existing feature, not a new announcement today.

My limited conclusion is that not requiring users to prepare CFX changes who pays directly and lowers the barrier to use. It does not, by itself, mean network fees have disappeared, nor can we assume that every transfer creates new CFX buying demand in the market. How the foundation pays, whether it uses existing reserves, and how much additional usage there is all need to be verified separately.

So I would assess “an improved wallet experience” and “increased token demand” separately. The former is supported by the feature announcement; the latter requires data on new users, actual transfers, sponsorship spending, and fees. We don’t have those data for this period, so the price rise cannot serve as proof in their place.

Another possible explanation is that the market is repricing an old narrative, or that short-term supply and demand shifts are driving the price. I have no evidence to confirm either. If on-chain usage continues to grow, fee spending rises in tandem, and the resulting token demand can be verified, I would give more weight to demand being transmitted through to the token. If activity relies mainly on subsidies and quickly retreats when they stop, I would revise that assessment downward.

Next, I’ll check actual usage and sponsorship spending before looking at whether the price can hold its gains. The market data above is from Binance only. Original feature post:
https://forum.conflux.fun/t/fluent-conflux-espace-usdt0-gas/24220

I just came across the trending topic “Arknights × National Library collaboration” and instinctively checked $SAND (24h -5.47%).
I tend to just make a note of trends and wait to see whether there’s any movement in trading before deciding whether to look into them further. Whenever I see news like this, people around me always get swept up in the excitement. I’d rather wait and see.

#SAND

The data comes from public sources. Please verify it yourself.

After a surge in volume, what matters more is what it leaves behind.

Reviewing $BTC this morning, I’m more interested in one question: did the sudden pickup in trading activity really produce sustained price momentum?

Based on completed hourly Binance spot data, from 06:00 to 07:00 Beijing time on October 11, BTC trading volume was about 44.72 million USDT, or 2.83 times the average of the previous five complete hours. But the hour’s open-to-close gain was only about 0.058%, while USDⓈ-M futures open interest (OI) fell by about 0.154%. Activity increased markedly, but the price barely moved.

From 07:00 to 08:00, trading volume fell to about 19.20 million USDT, down 57.1% from the previous hour and equal to about 0.91 times the average of the preceding five hours. The price fell by about 0.120%, while OI rose by about 0.078%. The data was collected at 08:45, so the hourly candle still forming after 08:00 was not included in comparisons of complete hours.

My take: subsequent data has yet to support the idea that this volume surge will persist. It’s better viewed as a burst in trading activity than immediately labeled a “confirmed breakout.” That also doesn’t mean we should conclude the trend is turning downward: a small pullback over one hour is not enough to establish direction either.

One other explanation should be kept in mind: the volume multiple is affected by its rolling baseline. Low-volume hours beforehand may have inflated the multiple, while the subsequent high-volume hour entering the baseline may have lowered it. However, absolute trading volume also fell markedly, so this change wasn’t solely due to a shift in the denominator. Trading volume is not net inflow, and OI doesn’t tell us whether the positions being added are long or short.

Next, I’ll watch the new complete hourly candles: can trading activity remain elevated, will price moves expand accordingly, and will OI show sustained changes over the same period? If these signals strengthen together, I’ll revise my view that persistence is lacking. If all that remains is an impressive volume multiple, I’ll stay cautious. This observation is based on data from a single exchange and does not represent the entire market.

#MarketWatch

👀 Smart money is watching this:
$API3 24-hour low, current price 0.3022, previous low 0.3033, 24h -5.03%.
There’s no meaningful support near the new low for now, and larger orders are mostly waiting on the sidelines. Don’t rush to buy the dip.
What do you think will happen next?

#API3

DYOR and participate responsibly.

How did a joke become a cryptocurrency that’s been running for over a decade?
Dogecoin’s logo is the face of Kabosu, the Shiba Inu from the “Doge” meme.
There are lots of scammers online pretending to be Dogecoin developers and offering “giveaways.” Anyone who asks you to send money first is a scammer.
$DOGE is Dogecoin, launched by two engineers in 2013.
What was the context in which you figured this out?

#DOGE

This is a personal perspective and may not be accurate. Please consider it critically.

Key Level Notes | $STRK breaks above the 0.08 mark
Reclaiming this level is a boost to sentiment, but whether it marks a reversal in direction remains to be seen over the next few days. What do you usually wait for before making a move?

#STRK

For reference only. You are responsible for your own gains and losses.

Just now, up 4.7% in $GTC 15 minutes, with the latest price at 0.1988. Up 3.68% so far today. If you found this helpful, give it a like 👍

#GTC

For market information only. Please make your own trading decisions.

$BAT broke through the 0.15 level.
Breaking above it isn’t hard; holding it is. Only a breakout that holds is worth taking seriously.
I’ll use the consolidation zone before the unusual move as the dividing line: it only counts if price stays outside that range.

#BAT

Volatility is significant, so size your position according to your risk tolerance.

The 24-hour futures biggest losers are here 😵
1. $AGT -28.14%
2. $US -21.74%
3. $APR -19.28%
4. AIN -11.53%
5. USELESS -10.36%
$AGT -28.14%. A big drop ≠ hitting bottom. I learned that lesson the hard way—with real money.
Tell me in the comments: What was your first reaction when you saw this?

#AGT

Just my personal opinion—don’t take it too seriously.

Just saw: A whale transferred 10 million POL to Binance. If sold, the position would incur a loss of nearly $400,000.
This reminded me of a similar story from the past, when the market reaction was quite different from what many people expected.
When the news is somewhat negative, I prefer to make fewer moves and wait for volatility to settle.
$POL (24h +0.94%).

#POL

Markets move quickly, so don’t rush to conclusions.

When looking at market trends, first make the time window clear.

Using $BTC as an example, a 3% rise over 5 minutes, 1 hour, and 24 hours each describes movement over a different interval.

For example: the price rises from 100 to 110, then falls back to 103. Measured from the starting point, it is still up 3%; but measured from the peak, it has already fallen by about 6.4%.

So when you see “up” or “down,” ask two questions first: starting from when? And compared with which price?

The percentage may be correct, yet it can also lead people to read the market very differently. First look at the time window, then at the full trend.

#加密知识