$MYX pumped over 10x in just 3 days—and it’s only trading on futures.
So what’s driving these crazy moves?
It mostly comes down to short liquidations. Since it’s a futures-only listing, it becomes easier to manipulate. Traders tend to use high leverage on futures, which adds fuel to the fire.
Here’s what typically happens:
As the token starts climbing, many traders jump in to short it, assuming,
“It’s already pumped—time for a dump.”
But ironically, these shorts accelerate the move up.
Market makers push the price higher, triggering liquidation cascades.
And because order books are thin on these pairs, the forced buybacks from liquidated shorts create massive upward pressure—sending the price flying.
It’s a short squeeze in action—fast, brutal, and explosive.
