Key takeaways:
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MYX token soared 1,400% to $18.42 up to now week on Trump-linked listings and different elements.
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Analysts warn of purple flags warning of value plunging 70–85% subsequent.
MYX Finance (MYX) has exploded practically 1,400% in every week, climbing to an all-time excessive of $18.42 on Wednesday.
What’s MYX Finance?
MYX is a decentralized perpetual change that makes use of a singular system known as the Matching Pool Mechanism (MPM).
As an alternative of a typical order guide or AMM, it matches merchants by way of a shared pool by first taking the alternative facet of the commerce after which pairing longs and shorts later. The objective is to ship near-zero slippage, just like centralized exchanges, however totally onchain.
The platform presents USDC-margined contracts with as much as 50x leverage and makes use of a dual-oracle system for pricing.
Why is MYX token value hovering?
Among the many prime catalysts which have pushed this MYX’s demand greater embody a Donald Trump-related occasion, outsized derivatives exercise, and others.
Let’s look at these catalysts intimately.
World Liberty Monetary’s (WLFI) token itemizing
On Sept. 5, MYX Finance introduced that it might record the WLFI token, related to US President Donald J. Trump and his household.
The MYX token began rallying a day after the announcement, indicating {that a} high-profile itemizing on its father or mother DEX boosted its visibility amongst speculative merchants.
Binance Alpha itemizing fuels FOMO
MYX’s rally additionally gained momentum from its prime rating on Binance Alpha’s record of best-performing airdrops and token technology occasions (TGEs).
It has delivered the strongest returns amongst just lately launched tokens, with early customers seeing their allocations surge from round $5.92 per token to over $8,100 in worth per person, in keeping with Binance Pockets information revealed on Tuesday.
On the identical time, MYX’s open curiosity had climbed over $400 million, in keeping with CoinGlass information, thus underscoring surging derivatives exercise.
The mix of upper accessibility by way of Binance channels and deeper liquidity throughout perps markets has amplified retail FOMO and speculative shopping for, resulting in explosive MYX token positive aspects.
Aggressive brief squeeze furthers MYX rally
Persistent day by day brief liquidations have pushed MYX’s parabolic rally additional greater.
Between Sept. 6 and Sept. 10, merchants liquidated $89.51 million in shorts in opposition to $23.45 million in longs, in keeping with CoinGlass.
When MYX’s value jumped previous $10–$12 and began racing towards $18, many merchants who had guess on the value taking place (shorts) had been compelled to purchase again rapidly to chop their losses.
As a result of there aren’t many tokens in circulation and plenty of individuals commerce with excessive leverage, these buybacks pushed the value up even quicker, sending MYX to new report highs.
Plenty of purple flags in MYX rally, analysts warn
MYX’s rally is drawing skepticism from market watchers.
For example, a 39 million token unlock coincided with the value surge, elevating fears that early holders used retail demand to exit at inflated ranges.
Web3 commentators flagged uncommon buying and selling patterns, together with day by day perpetual volumes as excessive as $6–9 billion and suspected whale coordination throughout Binance, Bitget, and PancakeSwap.
These flows, coupled with compelled brief liquidations, have fueled discuss of manipulation.
On X, customers described MYX’s transfer as a “rip-off pump” or “crime scene,” just like Mantra’s 90% crash earlier in 2025.
Technical indicators additionally recommend that the rally is perhaps overextended. MYX’s relative energy index (RSI) has spiked to 89–97, signaling extraordinarily overbought circumstances.
Related RSI circumstances in August preceded a 60% crash in MYX costs, with the token’s 20-day (inexperienced) and 50-day (purple) exponential transferring averages (EMAs) changing into major draw back targets.
A downtrend of comparable proportion can subsequently push MYX value down towards the EMA vary of $2.72-5.10 within the coming weeks, or 70-85% down from present costs.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.
