Is the surge of MYX a celebration or a trap?
First of all, as a derivative project of the PARTI ecosystem, MYX's market value has far exceeded that of most parent ecosystems. Is this phenomenon of "the child being stronger than the parent" reasonable?
Secondly, retail investors are strongly chasing the rise, while large holders have not synchronized their positions. It is almost entirely a game of short-term funds from retail investors.
Most importantly, MYX's rise lacks solid fundamental support. The current price poses more risks than opportunities. If you already hold shares, it is advisable to set strict stop-loss orders.
If you want to chase the rise, be sure to be cautious of a rapid pullback after liquidity retreats; what rises the most often falls the hardest.
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