The MYX token experienced a significant price drop today, plummeting 58% as its lock-up period concluded. On-chain analyst ai_9684xtpa reported that the sell-off coincided with the unlocking of previously restricted tokens. Specifically, Hack VC, an investor in MYX Finance, received 1,279,890 MYX tokens (valued at $2.16 million) via an airdrop receiving contract over a 7-hour period. Subsequently, Hack VC liquidated its newly acquired assets in two separate transactions, contributing to the downward pressure on the MYX token price. The MYX token's volatility highlights the risks associated with lock-up periods and the potential for large-scale sell-offs upon their expiration. Investors should exercise caution and conduct thorough research before investing in projects with similar tokenomics. Further analysis is needed to determine the long-term impact of this event on the MYX Finance ecosystem. ```