「3 Days Up 1800%, 1 Day Down 60%, VC Cashes Out 20 Million, Who Exactly is MYX's ATM?」

01｜Crazy Bull in Three Days 📈

In the past 72 hours, MYX price rose from $0.113 → $2.1, an increase of over 1800%.

In friend circles and group chats, everyone is flaunting screenshots of the “new rich in the crypto world.”

But!

The smile of sudden wealth, before it could be captured, was shattered by a plummet —

📉 Within 24 hours, MYX plummeted directly to $0.82, and now hovers around $1.05.

02｜The Culprit Behind the Crash: VC Running Away 🏃💨

On August 7, on-chain analyst @ai_9684xtpa revealed:

Hack VC withdrew 1.27 million MYX (about $2.157 million) from the airdrop contract within 7 hours.

Among them, 445,000 were sold at an average price of $1.68, cashing out $747,000.

After the crash, liquidity instantly dried up, and Binance contract trading volume surged to $7 billion in a single day.

This operation directly turned the long-short betting into a hellish scene — some became rich overnight, while others went to zero in an instant.

03｜The Halo Story of MYX 🌟

Don't forget, MYX has a top-tier lineup:

In 2023, it received investments from more than a dozen institutions including Sequoia China, Consensys, and Hack VC.

Focusing on the MPM matching pool mechanism, claiming zero slippage + 125 times on-chain leverage.

In 2025, it entered the Linea ecosystem investment alliance (LEIA), with a TVL exceeding $27 million and trading volume over $84 billion.

On the surface, this is a revolutionary on-chain derivatives player.

But the story of capital always has another side.

04｜Old Accounts Behind the Prosperity 📜

In 2023, the BRC-20 token BMYX associated with MYX was accused of harvesting, causing heavy losses for investors.

Before this year's TGE, public opinion dug up this history again, pointing directly at the incubating institution D11 Labs.

CEO Mark Zhang was forced to promise compensation:

30% Stablecoins

70% MYX (Unlocked in installments)

And reserved 4% of tokens for dynamic adjustments.

This means the project is still carrying historical burdens.

05｜The Ending is Still the Same Old Script 🎭

The story of MYX tells us:

The cost for VCs is far lower than the market price; pumping is easy, cashing out is even easier.

Retail investors chasing highs are essentially taking over for the VCs.

All surges may be for better exit opportunities next time.

Next time you see a token rise 1800% in 72 hours,

Remember to ask first: Who is cashing out?