🧨MYX: Volatile Ups and Downs, A Roller Coaster of Liquidity and Emotion

Today's performance of MYX can be described as a typical 'new coin launch script'—first a violent surge, followed by a ruthless crash. Those who weren't prepared became the bag holders in the game of chips.

💥 Why the surge?

Alpha new listing + temporary spike in project attention: MYX itself attracted attention on the Alpha list, with early investors concentrated in chips, leading to low cost for the surge.

Perpetual contracts launched, capital flocked in: Leverage accelerated the increase, doubling within 15 minutes, attracting a large amount of FOMO capital.

'Buy the dip' effect + community hype: The heat on social media + Binance Square rapidly ignited, retail investors actively chased the rally, boosting the market.

📉 Why the rapid decline again?

Too rapid an increase, lacking actual turnover structure: The surge was almost a straight line, without forming a stable chip zone; once selling pressure came, it was very easy to collapse.

Main forces controlled the selling rhythm very precisely: After MACD divergence and volume peak, they quickly dumped, washing out floating chips.

Short-term market capital speculation was evident: After excessive gains, arbitrage trades surged, retail investor sentiment reversed very quickly, with many going short.

Conclusion: This is a typical 'liquidity-driven + emotion-boosted' cryptocurrency market. Once the music stops, those without chairs will be left eating dirt.