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Can MYX Reach $5 Soon? Short answer: It’s already well above $5 currently trading around $18, so the question is a bit outdated in that context. What's Really Going On with MYX? 1. Parabolic Surge, Not a Subtle Rise MYX has skyrocketed from roughly $0.10 to between $16–$18 in the span of just 60 days . In one week alone, it spiked 1,320%, hitting a fully diluted market cap near $17 billion . Once as low as ~$0.15 in July, it’s now trading well above that range . 2. Major Short Liquidations & Volume Explosion Over $40 million in liquidations occurred in a 24-hour period following a short squeeze . Another report indicates up to $48.7 million wiped from shorts, surpassing BTC and ETH liquidations . Derivatives volumes have surged above $11 billion, pushing MYX among the top-five most traded tokens recently . 3. Red Flags: Manipulation & Sybil Activity On-chain analytics named Bubblemaps traced about $170 million in airdropped tokens to ~100 addresses with identical activity patterns suggesting a massive Sybil exploit . Analysts warn the price action resembles the "Mantra (OM)" pump-and-dump playbook, raising concerns about deliberate manipulation . Ongoing suspicion of insider trading, coordinated price pumps, and limited liquidity heighten risks . 4. Mixed Forecasts, But $5 Is Long Gone Most price projections for 2025–2026 put MYX much higher, ranging $14 to $24 on average, with some scenarios reaching up to $40 . More bullish forecasts extend into long-term horizons, expecting $50–$80+ by 2027–2028 . But these predictions often assume continued hype and don't account for structural risk. Summary: Is an Immediate Drop to $5 Likely? Given the current price (~$18) and the extreme volatility, a retracement to $5 would mean an ~75% drop—possible in a full reversal but not what most analysts expect right now. Instead, the prevailing narrative is one of unsustainable hype and manipulation rather than a healthy, organic upward trend.

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