The Pump and Dump process of $MYX and $COAI
Based on historical price analysis, perp volume, and funding rates (from CoinGlass, Binance), this is a typical process that both tokens follow (almost identical, with COAI being the "upgraded version" of MYX):
Phase 1: Preparation (Corner Supply - 1-2 months):
The insider group (founder, VC, MM) accumulates 95-100% circulating supply through sybil airdrops (fake wallets, as the founder of MYX used 100 wallets to inflate allocation).
No initial tier-1 spot listing, only perps on Binance/Bybit to avoid real liquidity.
Create hype through influencers/X: Shill "AI/DeFi meta" (COAI leverages BNB season and CZ endorsement).
Phase 2: Pump (Squeeze Shorts - 1-3 days):
Pump spot price from $1-2 to $10-50 through fake volume (bot trading, wash trading). For example: MYX from $1.40 to $3.60 in 1 hour (+150%); COAI $0.21 to $48
Use perps: Long spot + short perps to farm funding rates (initially +80%, then flip -2%/hour to squeeze shorts). Liquidations cascade push price higher (shorts have to buy back).
Perp volume explodes: MYX reaches $12 billion/day, COAI 1 million (+1,147%). Open interest rises to $400-72 billion.
Phase 3: Hype Peak (Retail FOMO - 1-2 weeks):
Perp listing on major exchanges (Bybit, MEXC), second airdrop (Binance Alpha for $MYX). Price reaches ATH, FDV $3-35 billion.
Influencers pump: "Next 10x AI token". Retail buys in, creating fake liquidity.
Final phase: Dump (Exit Liquidity - 1-2 days):
Unlock large tokens ($95 million for $COAI; 39 million for $MYX). Whales/MM unwind positions: Dump spot, cover shorts.
Funding rate flips positive, price crashes -80-95% (e.g.: COAI 48 down to $7). Retail gets stuck, liquidity dries up.
End: Price sideways $2-8, volume drops 90%, project "dies a slow death".
This process repeats with COAI (10/2025) similar to MYX (September 2025), with the same "formula": Corner supply + perp manipulation.
#COAİ #MYX #Crypto