【Loss of money】Three days of 65% plunge back to the original point, the bullshit finally broke
Recently, a token has been at the top of the decline list for three consecutive days, and the price of the coin has fallen from the highest point of 0.16u to 0.06. If you bought 100u at a high point, then three days later, only 35u will be left, and the loss is as high as 65%. It is the recent hot topic in the square discussion-MYX.
Because of the existence of the square MYX essay contest, it is inevitable that some people brag. A lot of people brag, and finally blow the bullshit.
"Sell when the crowd is bustling, buy when no one cares", it will always be the unchanging truth in the investment world.
The currency circle has never lacked hot spots. MYX Finance took advantage of the momentum of BNBChain, with high leverage and chain abstraction, and created momentum in early June to pull the market. Retail investors flocked in and pushed the price of the coin to the peak.
The bustling place is often the time for the dealer to ship. The voices of "strong dealer operation" and "harvesting air force" are endless, and the 18% funding rate is like a butcher's knife, cutting off the flesh and blood of bulls. Finally, after three days of plummeting, the price returned to the starting point, the hustle and bustle dissipated, leaving only the takers in the wind on the top of the mountain.
After the prosperity, no one cares again. At this time, you can find an opportunity to enter the market later, and others will get their money back while you double your money.
The following is the background of the MYX Finance project, for reference only:
MYX Finance is a decentralized perpetual contract exchange (Perp DEX), running on the BNB Chain and Linea blockchains, with the following features:
1. Chain abstraction technology: reduce the user transaction threshold through cross-chain interoperability, and support seamless interaction of multi-chain assets.
2. Matching pool mechanism (MPM): optimize liquidity, provide zero slippage and high leverage (up to 50 times) trading experience.
[Launch and Market Performance]
In May 2025, $MYX tokens were oversubscribed by 30,296% through Binance Wallet IDO, and were launched on Binance Alpha Zone, Bitget and PancakeSwap, with a 24-hour trading volume of $51.31 million, showing strong market enthusiasm.
[Community and Controversy]
In the early days, the "Inscription Era Harvest" caused community dissatisfaction, and then the CEO compensation plan was used to alleviate negative emotions. Recently, Alpha airdrops and Binance activities have further attracted user attention.
