#MYX This wave is really amazing, a large amount of chips unlocked on August 6, the price surged from 0.1 to 2, the highest increased by 20 times! It's simply crazy.

Yesterday, when I saw MYX being flooded in the group chat, I casually took a look and felt that it was somewhat similar to Alpaca (I remember when Binance announced it would delist contracts, it skyrocketed by 30 times). For such low circulation coins, the operators actually don't need to spend too much money to drive up the price because with a -2% funding rate, they can continuously harvest by borrowing retail investors' short positions and fees. It feels like they are really playing a very clever game.

So I immediately told my friend, don't short anymore, switch to the mindset of the operators from the perspective of retail investors, think about it: if I can go long in the opposite direction, wouldn't it be more cost-effective to eat up these funding fees?

The operation of MYX really combines "chip control + market-making authority + funding efficiency + user psychological game" all together, playing it very well, and there is indeed a lot to learn from it.