🆘 $MYX Token — Flash Pump or Red Flag?
Current Price: Around $1.33, down ~19% in 24h and ~30% from the ATH of $2.43.
What’s Driving the Action: MYX exploded over 1,900% in August, rallying from ~$0.10 to over $2 — fueled by a Binance Wallet IDO and explosive perpetual volume.
Red Flags: Analysts observed suspicious on-chain activity—thousands of small buys by a handful of addresses, huge perp volume (over $10B), and large upcoming token unlocks that suggest possible manipulation.
Legitimacy Check: While MYX is real—backed by a DEX, audits, and active trading—its wild volatility and questionable activity make it risky territory.
Bottom Line: MYX is not a scam per se, but the hype around it is steeped in speculation. Only consider it if you can stomach extreme swings and potential rug-risk.
