🚨 MYX Price Drop Analysis: Airdrop vs Selling Pressure, Should We Panic?

Last night, the price of MYX fell sharply from a high of $0.16 to $0.085, a drop of over 45% overnight. Many friends have been asking: What happened? Is it still a good time to enter? Today, let’s break down the key factors behind this turbulent wave.

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📌 Core Reason: Airdrop Release and Short-term Arbitrage

According to the token economic model published by MYX:

• Total Supply: 1 billion tokens

• Total Airdrop Distribution: 14.7%

• Initial Airdrop Release: 6.7% (approximately 67 million MYX)

After the airdrop inquiry page went live on July 1, many early participants exchanged their tokens after checking, resulting in a massive wave of selling pressure in a short period. Coupled with the small circulating supply (only about $12.3 million in market capitalization), this led to a sharp price drop.

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🧠 How Should We View This Decline?

1. Healthy Correction: The initial airdrop is essentially a liquidity test, and short-term fluctuations are a natural phenomenon.

2. Project Fundamentals Remain Strong: MYX has core advantages such as an innovative matching mechanism (MPM), chain abstraction technology, and VIP mechanisms, indicating significant future development potential.

3. Pay Attention to Subsequent Unlocking Rhythm: There is still 8% of the airdrop to be released in the future, so it’s important to closely monitor the unlocking plan and market reactions.

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📊 Advice for Beginner Investors

• Don’t panic and liquidate due to temporary fluctuations.

• Learn to build positions in batches, observe trading volume, and candlestick rebound signals.

• Pay attention to official announcements and unlocking rhythms; they are key!