🚀 Why Did $MYX Pump from $0.29 to $2.07 (~1700%)?
Brief Summary:
1. V2 Upgrade Hype – Zero-slippage, cross-chain features coming in V2 sparked demand.
2. Token Unlock Timing – 39M tokens (~3.9%) unlocked; price pumped before insiders could sell.
3. Whale Manipulation – Coordinated buys (6.7M MYX in 2,240 txns) across PancakeSwap, Bitget, Binance.
4. Volume Explosion – Daily volume hit $234M+; trending on Binance and CoinGecko fueled FOMO.
---
⚠️ Key Risks:
RSI ~97 = Extremely overbought.
Token unlock = Sell pressure likely.
Pump-and-dump risk = Insider-led, retail-exited rally.
---
🎯 Conclusion:
A mix of hype, manipulation, and timing ahead of unlocks drove the 1700% spike. High risk of reversal if no real growth follows V2.
---
🔍 Watch Next:
1. Post-unlock price action
2. Whale selling on-chain
3. V2 rollout progress
4. Spot vs. perp volume trends
$MYX #MYX #myxpump #crypto #Earn_with_Ravaid
