CoinUp Platform Token CPX experienced a significant decline on the evening of June 22, dropping to a low of 0.19 USDT, more than 77% below the day's high of 0.88 USDT. CPX was officially launched for trading on June 9, upgraded from CoinUp's original platform token CP. CoinUp stated at the time that CPX would serve as the core token of the platform ecosystem, used in Alpha ecosystem, prediction markets, AI token infrastructure, U Card payment system, and platform revenue buyback and burn scenarios.

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