6 hours ago
Key takeaways:
MYX token soared 1,400% to $18.42 successful the past week connected Trump-linked listings and different factors.
Analysts pass of reddish flags informing of terms plunging 70–85% next.
MYX Finance (MYX) has exploded astir 1,400% successful a week, climbing to an all-time precocious of $18.42 connected Wednesday.
MYX/USDT regular terms chart. Source: TradingViewWhat is MYX Finance?
MYX is simply a decentralized perpetual speech that uses a unsocial strategy called the Matching Pool Mechanism (MPM).
Instead of a modular bid publication oregon AMM, it matches traders done a shared excavation by archetypal taking the other broadside of the commercialized and past pairing longs and shorts later. The extremity is to present near-zero slippage, akin to centralized exchanges, but afloat onchain.
The level offers USDC-margined contracts with up to 50x leverage and uses a dual-oracle strategy for pricing.
Why is MYX token terms soaring?
Among the apical catalysts that person driven this MYX’s request higher see a Donald Trump-related event, outsized derivatives activity, and others.
Let’s analyse these catalysts successful detail.
World Liberty Financial’s (WLFI) token listing
On Sept. 5, MYX Finance announced that it would database the WLFI token, associated with US President Donald J. Trump and his family.
Source: MYX FinanceThe MYX token started rallying a time aft the announcement, indicating that a high-profile listing connected its genitor DEX boosted its visibility among speculative traders.
Binance Alpha listing fuels FOMO
MYX’s rally besides gained momentum from its apical ranking connected Binance Alpha’s database of best-performing airdrops and token procreation events (TGEs).
It has delivered the strongest returns among precocious launched tokens, with aboriginal users seeing their allocations surge from astir $5.92 per token to implicit $8,100 successful worth per user, according to Binance Wallet information published connected Tuesday.
Binance Alpha’s top-performing airdrops. Source: Binance WalletAt the aforesaid time, MYX’s unfastened involvement had climbed implicit $400 million, according to CoinGlass data, frankincense underscoring surging derivatives activity.
MYX Futures unfastened interest. Source: CoinGlassThe operation of higher accessibility done Binance channels and deeper liquidity crossed perps markets has amplified retail FOMO and speculative buying, starring to explosive MYX token gains.
Aggressive abbreviated compression furthers MYX rally
Persistent regular abbreviated liquidations person driven MYX’s parabolic rally further higher.
Between Sept. 6 and Sept. 10, traders liquidated $89.51 cardinal successful shorts against $23.45 cardinal successful longs, according to CoinGlass.
MYX full liquidations chart. Source: CoinGlassWhen MYX’s terms jumped past $10–$12 and started racing toward $18, galore traders who had stake connected the terms going down (shorts) were forced to bargain backmost rapidly to chopped their losses.
Because determination aren’t galore tokens successful circulation and tons of radical commercialized with precocious leverage, those buybacks pushed the terms up adjacent faster, sending MYX to caller grounds highs.
Lots of reddish flags successful MYX rally, analysts warn
MYX’s rally is drafting skepticism from marketplace watchers.
For instance, a 39 cardinal token unlock coincided with the terms surge, raising fears that aboriginal holders utilized retail request to exit astatine inflated levels.
Web3 commentators flagged antithetic trading patterns, including regular perpetual volumes arsenic precocious arsenic $6–9 cardinal and suspected whale coordination crossed Binance, Bitget, and PancakeSwap.
Source: DominicThese flows, coupled with forced abbreviated liquidations, person fueled speech of manipulation.
On X, users described MYX’s determination arsenic a “scam pump” oregon “crime scene,” akin to Mantra’s 90% crash earlier successful 2025.
Source: @WazzCryptoTechnical indicators besides suggest that the rally mightiness beryllium overextended. MYX’s comparative spot scale (RSI) has spiked to 89–97, signaling highly overbought conditions.
MYX Finance regular terms chart. Source: TradingViewSimilar RSI conditions successful August preceded a 60% clang successful MYX prices, with the token’s 20-day (green) and 50-day (red) exponential moving averages (EMAs) becoming superior downside targets.
A downtrend of akin proportionality tin truthful propulsion MYX terms down toward the EMA scope of $2.72-5.10 successful the coming weeks, oregon 70-85% down from existent prices.
This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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