MYX Token Explodes 1,957% Overnight—What’s Fueling the Frenzy?
MYX Token just pulled off a moonshot most traders only dream about—soaring 1,957% in a single day. Here’s the breakdown.
The Pump No One Saw Coming
No roadmap updates, no exchange listings—just pure, unfiltered market chaos. Either someone knows something we don’t, or this is the latest proof that crypto moves faster than rational thought.
Whispers vs. Reality
Rumors swirl about an undisclosed partnership (classic), but until there’s hard proof, treat this like a fireworks show—spectacular, but potentially fleeting. Meanwhile, bagholders from last year’s altcoin season are suddenly ‘long-term investors.’
Crypto’s Favorite Game: Musical Chairs
Retail FOMO meets low liquidity, and voilà—you get a chart that looks like a heart rate monitor. Pro tip: if you’re late to the party, remember the golden rule—what goes up 1,957% usually comes down faster than a Wall Street analyst’s credibility.
Source: Coinmarketcap
First introduced through Binance Wallet’s 15th Exclusive TGE, MYX was trading close to its all-time low only months ago. Its recent price spike, paired with a $272 million trading volume day, has put many on notice.
According to analysts, the timing is too impeccable for an elapsing 38.99 million MYX token unlock, currently valued at close to $59.4 million, up from a mere $3.9 million prior to the pump.
Bingo! 解锁日砸盘， $MYX 暴跌 58% 至 $0.9184💥
MYX Finance 参投机构 Hack VC 过去 7 小时从空投申领合约中收到 1279890 MYX，价值 215.7 万美元，随后多次中转至两个地址
1️⃣ 地址 0x259…4FE57
以均价 $1.68 抛售 44.5 万枚 MYX，约 74.7 万美元https://t.co/HecBJYsIer
2️⃣ 地址… https://t.co/AV6HOQZTUq pic.twitter.com/A8uIrfhBU6
On-chain activity indicates possible manipulation. Six wallets allegedly stacked 6.72 million MYX with minor transactions and streamed the tokens into a single Bitget address. At the same time, whales such as Hack VC are seen leaving one of the wallets sold 445,000 MYX, and another transferred 835,000 MYX to MEXC.
Analysts are sure that this may be a pump-and-dump scheme, and insiders are profiting and leaving the retail investor exposed. PancakeSwap, Bitget, and Binance are to be highly coordinated.
With a huge token unlock, suspicious wallet activity, and early movers taking profits, how long the pump will last is far from guaranteed.
Also Read: Top Gainers and Losers on CoinMarketCap Today
