\$MYX

surged more than 10x in just three days, and it's currently only available on futures markets. This kind of rapid price movement often stems from short positions being wiped out. Since the token isn't on spot markets, it becomes more vulnerable to price manipulation.

Futures traders typically use high leverage, and when the price begins climbing, many anticipate a reversal and open short positions, expecting a drop. Ironically, these short positions can intensify the upward momentum.

As more shorts stack up, it becomes simpler for big players to drive the price higher. That’s because when shorts are liquidated, they trigger forced buys in a relatively thin market, pushing the price even further up in a rapid spike.