Forget Floki, This L-1 Token Zooms 132% On Blockchain SIM Card Tie-Up With China Telecom

Conflux Network CFX/USD is rallying 132% in the last 24 hours, topping intraday gains and outperforming meme coin Floki FLOKI/USD.

What Happened: At the time of writing, CFX was trading at $0.128. 

The rise in Coinflux came following the news that China Telecom — the second largest wireless carrier in China with over 390 million mobile subscribers — has partnered with Conflux to develop a Blockchain-enabled SIM card, BSIM.

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“With this initiative, we're looking forward to lowering the barriers to entry for Web3 and the Metaverse,” Conflux Network said in a tweet.

Floki soared 98% in the last 24 hours, trading at $0.000054, after Elon Musk posted a photo of a dog, assuming the role of "new CEO" of the microblogging site.

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