Explosive! Warning of high risk after the妖币 surged by 4000%, retail investors should withdraw quickly!
Brothers, good afternoon! Today, Sister Rong wants to chat with you about this妖币!
$MYX has been quite popular recently, but the current risk is extremely high. The funding rate has significantly dropped from 2% per hour, arbitrage opportunities have disappeared, and short positions are getting liquidated or closed, causing the rate to loosen.
The price surged 4000% at the end of July, rising from 0.05U to 2.12U, but the on-chain liquidity is only 7.7 million USD, while the FDV has reached 2 billion USD, with a liquidity coverage ratio of less than 4%, making it very easy to manipulate.
Today, 14 million USD worth of tokens will be unlocked, and historically, projects with high FDV and low circulation often drop more than 50% after unlocking. After 6 addresses on-chain bought 3.92 million MYX in 24 hours and transferred it to Bitget, the cross-platform trading volume has unusually surged, suspected to be a market maker creating a false appearance to cover their selling.
Short-term selling pressure is concentrated and being released. If it cannot stabilize at 1.8U, it may drop to 1.2-1.5U or even 0.8U; in the medium term, without new buyers or positive news, it could spiral down by 70-90%.
Operational advice: long positions should take profits, be cautious opening short positions to avoid market makers pulling up prices and triggering short squeezes; those who haven't entered should hedge and wait for risk to be released before observing market absorption.
MYX has been rising sharply recently, mainly because there is too little money in the market, and shorts are being forced to buy in, pushing up prices. A large number of tokens are unlocking today, which could very well become a turning point for prices.
If you are anxious and uneasy because you see others making money while you are still losing, you might try to follow my steps; professional matters should be left to professionals. Without aiming for great wealth, it’s better than operating blindly and losing money alone. Friends who agree can directly call me; let’s aim to reach our goals this time!
