🔥 [MYX token surges 300% in a single day, hitting a new all-time high]
- Price performance:
→ 24H maximum increase 300%), market cap surges to $90M (ATH)
→ Weekly cumulative increase 920% ($0.11 on July 31 → $0.9 on August 4)
→ Trading volume skyrockets 711% to $64.76M, liquidity ratio exceeds 89%
- Direct catalytic factors:
▸ Binance Launchpool confirms MYX mining will start on August 10 (stake BNB/FDUSD to earn rewards)
▸ V2 mainnet launches: Supports cross-chain margin and institutional-grade clearing engine (10ms flash trading)
▸ Goldman Sachs initiates coverage: 'The first DEX to achieve a negative fee model (market maker rewards +0.05%, rebate for takers -0.02%)
🚀 [Threefold Driving Forces Behind the Surge]
1. Technological breakthroughs
- Chain abstraction architecture: Unified accounts enable gas-free cross-chain transactions (covering Linea/BNB Chain/Arbitrum, etc.)
- Matching pool mechanism (MPM): Zero slippage + 50x leverage, TVL increased 17 times to $52M in 30 days
- Testnet trading volume breaks 12 million transactions (daily new addresses 420,000)
2. Capital giants entering the market
- Institutional holdings: Polychain Capital leads $16 million Series B financing, Binance Labs co-invests
- Whales purchasing spree: Address `0x8f3...c7a` increases holdings by 12 million MYX ($22.4 million), paper profit 125%
3. Market sentiment boost
- Community bullish ratio 73% (short-term FOMO sentiment dominates)
- Trump's team on-chain purchasing actions exposed (560 ETH transferred to MYX-related address)
⚠️ [Risk Warning: Underlying Currents Amidst the Carnival]
- Technical overbought signals:
→ RSI reaches 87, Williams indicator -21.257 (seriously overbought range)
→ Open interest in futures skyrockets 380% to $210 million, long-short ratio 6.7:1 (leverage risk accumulation)
- Regulatory and manipulation concerns:
▸ SEC includes the ZK sector (including MYX) in the unregistered securities investigation list
▸ Market maker concentration: Top 5 addresses control 41% of circulation, potential selling pressure is significant
▸ Huobi urgently adjusts MYX perpetual contract funding rate settlement frequency (from 4 hours to 1 hour), to prevent squeeze risk
■ Long-term layout → Monitor V2 mainnet stability (cross-chain margin implementation on August 25) and TVL changes after Binance listing
> On-chain analyst Sara Sethiya warns:
> 'While MYX's negative fee model disrupts traditional DEX, the 200% single-day increase has overdrawn short-term expectations.
> Historical patterns show that low market cap tokens (at $50M) often retract more than 30% within 48 hours after a surge.
> Investors should be wary of the 'good news fully priced in' phenomenon following a multi-kill market.
Appendix: Key nodes in the MYX ecosystem**
- August 10: Binance Launchpool launches
- August 25: V2 cross-chain margin goes live
- Q4: Coinbase Wallet integration + institutional white-label system testing
