MYX Finance (MYX) has been skyrocketing recently, soaring a full 477% in just one day, reaching a high of $2.09, directly waking up the crypto community.

Why the sudden surge? One reason is that it has been listed on several major exchanges and included in the special segment 'Binance Alpha', which has greatly increased its exposure, leading to a surge in buyers.

Even more astonishing, many people initially bet it would drop, but ended up getting squeezed by shorts— the more they shorted, the higher it rose, effectively turning into a booster.

However, the good times didn't last long. As the price soared too high, both retail investors and big players began to cash out, and once the market turned, it started to correct. Furthermore, the RSI shot up to 97.45, which is already at the extreme limit of the overbought zone, essentially a 'overheating warning' at full blast.