While the market is still debating whether Bitcoin can break $100,000, an obscure 'small coin' suddenly surged 20 times within 72 hours, shaking the entire crypto world — this is not a sci-fi movie, but a real script played out by MYX in August 2025!

Core of the surge: A speculative frenzy triggered by 'chain abstraction' technology

On August 4, MYX's price was still hovering around $0.1, with no splash in the exchanges; but by August 6, the price soared to $2, with a 24-hour trading volume exceeding $240 million, prompting top exchanges like Bitget and MEXCM to urgently list trading pairs. The trigger for this surge was the 'chain abstraction' concept thrown out by the MYX Finance team — simply put, it allows users to seamlessly trade derivatives across different blockchains, as easy as using Alipay.

How to leverage the momentum of MYX Finance?

MYX stock price is $1.5, and many traders are pondering: Should I buy or wait for further consolidation? On one hand, a rise of over 300% indicates solid fundamentals and increasing adoption, and the bullish momentum remains intact. On the other hand, extreme volatility also requires cautious operation.

Listed on the Binance Alpha platform and launched on the Bitget platform, MYX tokens have strong liquidity and advanced trading tools, making it easy for users to access. MYX Finance's dominant position on BSC, combined with plans to expand to other blockchains, signifies enormous mid-term growth potential for investors who believe in the decentralized derivatives revolution.

Market outlook: Is it a 'rising star' or a 'flash in the pan'?

As an analyst, I must pour a bucket of cold water: MYX's surge is essentially a triple resonance of technical narrative + deflationary model + market sentiment, but it lacks real value support, and the risks far outweigh the opportunities.

Bearish reasons: A liquidity crisis is imminent: Currently, MYX's 24-hour turnover rate is as high as 130%, indicating an extremely dispersed chip distribution, and manipulators could dump at any time. Once the price breaks the support level of $1.5, it may trigger a chain sell-off, repeating the tragedy of the Nezha coin's 500% surge and subsequent crash in June 2025.

Technical feasibility is in doubt: The abstract concept of the chain is cool, but the MYX team has yet to release a code audit report and has not partnered with any mainstream public chains. Compared to Solana's launch of the Seeker phone during the same period, MYX's technology feels more like 'PPT car manufacturing'.

Regulatory risks are looming: On August 1, Hong Kong's (Stablecoin Regulation) officially came into effect, requiring all token issuers to have 100% reserves of legal assets, or face criminal penalties. Although MYX is not a stablecoin, tightening regulations will shrink the survival space for the entire Meme coin sector, similar to the 18% drop in privacy coins caused by the EU's MiCA legislation in 2023.

Bullish logic:
If the MYX team can complete the following actions by August 10, the price may stabilize above $1:

Announce liquidity cooperation agreements with exchanges such as Binance and Coinbase;

Open on-chain data query proves that circulation continues to decrease;

Announce strategic investments with major Bitcoin holders like MicroStrategy.

MYX's surge is the most insane 'wealth creation myth' in the crypto world of 2025, or is it a carefully designed 'cutting leeks scheme' by the manipulators? Getting in now, you might become the next financial freedom achiever, or you might become the last one holding the bag.


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