Yao Coins are here again!

#Myx surged nearly 10X within 2 days, skyrocketing from 0.1 to 0.98!

Approximately 10 million dollars exploded in 24 hours.

Yesterday, due to the release of good news about V2 going online, and the spot market listed on BG trading, it surged directly from 0.23, wildly defeating the shorts!

However, from the perspective of on-chain large holders, including the project's chips, there hasn't been much change. Of course, we cannot rule out that internal related addresses are operating through other small addresses!

Through Nasen, it can be found that the market maker addresses and internal addresses, high-frequency trading, have a TVL of only 25.99 million dollars, which is inverted with the daily trading volume of 46M, raising doubts about the protocol's real income! The V2 upgrade has yet to be implemented, and if the technology gets delayed or falls short of expectations, it could trigger a sell-off.

Although 73% hold a bullish view, large transfers on-chain frequently occur, and some addresses continue to transfer into exchanges in preparation for selling!

Combining market-making techniques, it is basically happening simultaneously with both longs and shorts exploding while raising the funding rate; a -2% funding rate is also quite astonishing. If your contract's capital pool is thick, you can gamble with it; if not, it is advised to close positions with a 50% stop loss, or wait for volatility to stabilize before striking, after all, in a game against the庄, retail investors are not short of time!

But to be honest, going on BG and making such a big move, does that mean there are no cards left to play, and it can't go up on Binance's spot market? I just can't understand the project team's mindset $MYX #币安HODLer空投PROVE