MYX Finance Skyrockets 2,000%: Unmasking the Hidden Forces Behind the Meteoric Rise

MYX Finance just pulled off the kind of explosive growth that turns skeptics into believers—and regulators into nervous wrecks.

The 2,000% surge isn’t just a number; it’s a statement. One that’s got the whole crypto world asking: Who’s really calling the shots?

Behind the Pump

Speculation’s flying faster than a memecoin rug pull. Is it strategic accumulation? Whale manipulation? Or just the market finally waking up to what MYX’s offering? Nobody’s saying—but everyone’s trading.

Timing, Liquidity, and a Dash of Greed

Perfect storm or perfectly orchestrated? MYX’s climb lines up a little too neatly with some clever liquidity moves and a few well-timed announcements. Classic crypto playbook—just executed with terrifying precision.

Where’s This Rocket Headed?

Past performance never guarantees future returns—especially in crypto. But right now, MYX’s chart isn’t just bullish; it’s borderline arrogant.

Another day, another crypto project making traditional finance look like it’s moving in slow motion. Banks are still debating wire transfers while MYX delivers a 2,000% gain in the time it takes to brew a coffee.

Unlike typical meme coins that often display such swings, MYX Finance is positioned as a decentralized exchange (DEX) for perpetual trading. The project’s official X account even lists Consensys, the creators of MetaMask, as one of its backers.

pic.twitter.com/3ug51VBsb6

Insiders at Play?

The story of MYX Finance has sparked discussions about possible insiders who could have influenced the MYX Finance price. Analysts from Bubblemaps have pointed to suspicious transactions linked to dozens of wallets involved in the token’s distribution.

The MYX token is not yet available for spot trading on many centralized exchanges (CEXs). Notably, it’s absent from Binance, even though the exchange often comes up in connection with the project. In May, the team conducted an IDO on the BNB Chain. An Initial DEX Offering (IDO) is a way of launching a token through a decentralized exchange, where investors buy tokens directly via smart contracts. Just a month later, MYX ranked among the top projects by IDO on Binance Wallet.

TOP 9 Binance Wallet IDOs by ATH ROI (Updated: June 16th)

These projects have delivered serious returns after their IDO launch on #BinanceWallet

@Alaya_AI – 36.8x
@Elderglade – 24.4x
@allo_xyz – 18x
@MYX_Finance – 13.2x
@Privasea_ai – 10.3x
… pic.twitter.com/fg9UrLOkws

From the start, MYX Finance seemed to target the Asian market, especially China, often enjoying what appeared to be “unofficial” support from BNB Chain.

Huge thanks to everyone who joined the @MYX_Finance × @BNBCHAINZH AMA (all in Chinese!)

We’re excited to share a detailed recap covering MYX’s vision, MPM mechanism, cross-chain perpetuals, and future roadmap.

Details here: https://t.co/vPHeRaSrJs

Stay tuned!… https://t.co/UAVqvjwjvZ

The project’s official account frequently reposts Binance Chain and BNB content, even though Binance hasn’t announced any MYX spot trading.

Binance has repeatedly faced accusations of insider trading, particularly through its Binance Alpha program, which promotes new projects and distributes tokens. MYX also took part in this program, with its main slogan being “Democratize alpha for all.”

1/ Let’s $MYX it to the top and "Democratize alpha for all"! pic.twitter.com/OCxwWADQ9y

Bubblemaps analysts pointed to a cluster of roughly 100 new wallets that showed unusual activity ahead of the MYX airdrop. All of them were funded through OKX on the same day in April and received nearly identical amounts of BNB. When the airdrop went live, these wallets claimed MYX almost simultaneously, securing close to 1% of the total supply. Since they had no previous history of transactions, researchers argued the pattern was unlikely to be coincidental.

BREAKING: One entity claimed $170M from the $MYX airdrop

We traced 100 freshly funded addresses with the exact same onchain activity

The biggest airdrop sybil of all time?pic.twitter.com/Q8YhZUO7jt

While no direct LINK to Binance has been established, most suspicions fall on the founder of MYX Finance. This coordinated activity could have significantly contributed to the rapid surge in MYX Finance price in the days following its launch.

Speculation or Genuine Success?

Such a rapid rise, combined with the Bubblemaps investigation, has led to suspicions that the surge in MYX Finance price may be fueled by insiders “pushing” the token. Even if MYX turns out to be a legitimate crypto project, analysts note that in the current market environment, it’s unlikely to achieve such explosive growth naturally. To many, this looks more like speculation than organic demand.

$MYX A casual 350x+ in a little over 2 months. Now trading at ~$18B FDV and doing $12B volume today on Binance futures alone.

Fact is, this is another one of those coins where 95%+ of the supply is cornered by one entity or group of people.

No tier 1 spot listing with… pic.twitter.com/FJFMcYP4UK

MYX Finance has officially responded to the accusations raised by Bubblemaps. However, the researchers and the broader crypto community found the explanation unconvincing.

Trading volumes on MYX Finance are indeed climbing, but the revenue figures raise concerns. According to DeFiLlama, monthly revenue doesn’t even reach half a million dollars. In August, daily revenue often hovered around $1,000 or less, with a peak of roughly $3,500 on Sept. 9. The highest point came back in May, at about $6,000 per day.

At this stage, the MYX Finance price rally appears to be driven more by speculation and possible insider involvement than by sustainable fundamentals.