Conflux (CFX) has had a positive run so far in 2023, placing itself amongst the best-performing altcoins in the first half of the year. However, the “Chinese Ethereum” has been trading in the red in the past few days. According to data from CoinGecko, CFX lost nearly 16% of its value in the past week. Related Reading: Compound (COMP) Grows 33% In 7 Days As Whale Activities Soar DWF Labs Acquires $18 Million Worth Of CFX Tokens This CFX price fall comes despite the acquisition made by DWF Labs in the past week. On Wednesday, June 28, the Conflux network announced that the multi-stage Web3 investment firm purchased $18 million worth of its token. DWF Labs backs Conflux with $18M! DWF Labs, a global digital asset market maker and multi-stage Web3 investment firm, has reaffirmed its commitment to supporting the growth of Conflux.https://t.co/ogOLJHvbQH Demonstrating their commitment, DWF Labs purchased $18M worth of… — Conflux Network Official (@Conflux_Network) June 28, 2023 This latest investment is a follow-up to the initial $10 million purchase of CFX tokens in March. It is understood to be a demo ..
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 Sheds 16% Despite $18 Million Investment From DWF Labs){kind=link}