$MYX Although it's called a small warehouse, fans have been trapped nearly 18 times
If you don't listen to me, you'll suffer the consequences
Brother Yong only speaks after understanding this coin
So what is the reason for this wave of sharp decline?
From 2.4 to 1.04, the core reasons are three points:
1. Institutional cash-out triggered selling pressure
Early investor Hack VC sold 1.27 million coins worth 2.15 million dollars at a high price, directly crushing market confidence. On-chain liquidity plummeted by 50%, leading to an imbalance in buying and selling, and a catastrophic price drop
2. Market sentiment overheated and then reversed
The previous 3 days of soaring 1800% was entirely driven by retail FOMO emotions, with the fear and greed index dropping sharply from 60 to 54 in the neutral zone, causing short-term speculative funds to quickly withdraw, resulting in a stampede
3. Insufficient fundamental support
Although MYX claims to innovate in abstract trading on the chain, the actual TVL is only 25 million dollars, which is severely disconnected from the market value after the surge. After token unlocks, circulation surged by 40 million coins, further diluting value
So, for strong speculative coins like this, unless you are particularly certain, it's better not to enter based on feelings. If you enter the market now in this volatile situation, you may get trapped and struggle to find the right position. You might as well follow @永哥区块 , bulls have their own strategies, bears have their own perspectives, and join Brother Yong to become the final winner
Focus for the day: OM SUI SOL FUN BTC