$MYX The most controversial token of 2025 — is MYX a real DeFi powerhouse or just market manipulation? Here’s the complete truth traders need.
📊 Market Snapshot (Latest)
Current Price: ~$2.18
24H Range: $1.88 – $2.43
Circulating Supply: ~157.7M (15.8% of 1B)
Market Cap: ~$345M | FDV: ~$2.18B
ATH: $2.49 (Aug 8, 2025) | ATL: $0.0467 (Jun 19, 2025)
24H Trading Volume: ~$70M+ (mostly on Bitget, MEXC, Futures)
🏗️ What is MYX?
MYX is not just a meme pump — it’s a decentralized perpetuals exchange (DEX) with a unique design:
🔹 Matching Pool Mechanism (MPM): Longs & shorts matched first, reducing slippage.
🔹 Keeper Network: Automates order execution.
🔹 Multi-Asset Liquidity Pool (MLP): Supports multiple collaterals (BTC, ETH, BNB, USDT).
🔹 Risk Controls: Dual-oracle pricing, Funding Rates, ADL, DPL (advanced liquidation tools).
🔹 Audits Completed: PeckShield, SlowMist, BlockSec, Secbit.
📌 Chains Live: BNB Chain, Arbitrum, Linea.
📈 On-Chain Fundamentals (DeFiLlama Data)
TVL: ~$55M locked across pools.
Perp Trading Volume (30D): ~$9.7B.
Fees Generated (30D): ~$4.8M (sustainable revenue).
👉 This is not empty — the protocol is handling real usage.
💰 Funding & Backers
Seed Round (2024): $5M led by HongShan (ex-Sequoia China) & HashKey.
Strategic Round (2025): $5M from HashKey, OKX Ventures, ConsenSys.
IDO: May 6, 2025 via Binance Web3 Wallet on PancakeSwap. Oversubscribed by 30,000%+.
🛠️ Tokenomics (Docs)
Total Supply: 1B
Circulating: ~16%
Allocations:
17.5% → Institutional Investors
20% → Team & Advisors
54.7% → Ecosystem & Community Incentives
2% → Binance Wallet IDO
4% → Initial Liquidity
1.8% → Reserve
⚠️ Note: Unlock schedules are not fully transparent in docs. Traders should watch for supply unlock events → possible dump pressure.
📍 Listings
Spot: Bitget, MEXC, XT.COM, CoinEx, Uniswap (BNB Chain).
Futures: Binance (MYX/USDT Perpetual).
NOT on Binance Spot.
⚖️ Debate: Empty Manipulation vs. Real Growth
Bearish Claims (“Empty/Manipulated”):
High FDV (~$2.18B) vs. small float (~16%) → thin liquidity, sharp pumps/dumps.
Binance Futures before Spot → leveraged squeezes, exaggerated moves.
Unlock risk: Investors/team hold ~40%+ supply.
Bullish Evidence (Why It’s Real):
Billions in monthly perp volume, millions in fees.
Audited, live product across multiple chains.
Top-tier backers & completed fundraising.
Growing community & ecosystem incentives.
🎯 Futures Trading Plans
🐂 Bullish Setup (Long)
Entry Zone: $2.00 – $2.10
Target: $2.45 – $2.50 (ATH retest)
Stop: $1.85
⚡ Backed by strong on-chain volumes + sustained hype.
🐻 Bearish Setup (Short)
Entry Zone: $2.30 – $2.40 (resistance zone)
Target: $1.80
Stop: $2.55
⚡ Play on low float fragility + potential unlock dumps.
🔑 Final Verdict
✅ MYX is a working product with billions in trading volume, audited contracts, and top VCs backing it.
⚠️ But its tokenomics (low float, high FDV, pending unlocks) make it highly speculative.
👉 This is a trader’s token — not an investor’s safe hold.
Expect explosive rallies and equally brutal collapses.
🔥 Summary for Traders:
“MYX isn’t an empty shell. The DEX is real. But the token trades like dynamite — real firepower, real risk. Handle with strict risk management.”
