Review of MYX Finance $MYX
What’s Driving the Rally?
1. Token Unlocks & Liquidity Events
• Around 39 million MYX tokens were unlocked recently—roughly 3.94% of the supply—coinciding conveniently with the price spike, fueling suspicion of orchestrated moves.
2. Exchange Listing & Rising Open Interest
• The listing of the WLFI token (World Liberty Financial, associated with Donald Trump) on the MYX exchange appears to have boosted demand for MYX as well.
• Open interest in futures contracts hit record highs, signaling intense speculative activity.
3. Anticipation of V2 Protocol Upgrade
• MYX’s upcoming V2 upgrade, promising zero-slippage trading, enhanced cross-chain functionality, and smoother UX, is adding fuel to the hype. Trading volumes have surged—one report notes a 710% increase to $354 million.
• Platforms like Kraken, CoinGecko, and CoinRank highlight massive volume spikes across exchanges.
4. Speculative FOMO & Liquidation Cascades
• Short liquidations totaled over $10–14 million, triggering a feedback loop of buying under duress.
• Technical indicators like RSI are in overbought territory (70+ or even 90+), and funding rates suggest aggressive positioning and potential instability.
5. Allegations of Price Manipulation
• Analysts and observers are warning of a possible pump-and-dump—highlighting token unlocks, whale accumulation, opaque trading patterns, and exaggerated volume versus actual on-chain activity.
