🚨 MYX Finance Soars 1,400% — Analysts Warn of 70–85% Crash Ahead

[cryptohog]

Key Takeaways:

MYX price rocketed 1,400% in a week, hitting $18.42 on Sept. 11.

Rally fueled by Trump-linked token listings, Binance Alpha exposure, and massive short squeezes.

️ Analysts flag red alerts: token unlocks, whale manipulation, overbought RSI, and risk of a 70–85% drop.

What is MYX Finance?

MYX is a decentralized perpetual exchange using its Matching Pool Mechanism (MPM) — an alternative to order books and AMMs.

It offers:

Near-zero slippage trading

USDC-margined contracts

Up to 50x leverage

Dual-oracle price feeds

The design aims to replicate CEX-level smoothness, but onchain.

Why Did MYX Price Explode?

1️⃣ Trump-linked WLFI token listing — Boosted visibility and retail hype.
2️⃣ Binance Alpha exposure — Ranked #1 among top-performing TGEs and airdrops.
3️⃣ Derivatives frenzy — Open interest soared past $400M, fueling speculation.
4️⃣ Aggressive short squeeze — Nearly $90M in shorts liquidated between Sept. 6–10, amplifying parabolic moves.

Red Flags Emerge

Despite the moonshot, several warning signs loom:

Token Unlocks: A 39M MYX unlock coincided with the rally, raising dump fears.

Unusual Trading: Perp volumes hit $6–9B daily with suspected whale coordination.

Retail Exit Liquidity? Analysts compare the setup to Mantra’s 90% crash earlier this year.

Overheated Technicals: RSI spiked to 89–97, signaling extreme overbought conditions.

Analysts warn a pullback could target the $2.72–5.10 EMA range — implying a 70–85% decline if history repeats.

Bottom Line

MYX Finance is the latest case of hype-driven parabolic growth — but history suggests such rallies rarely last. While the Trump tie-ins and Binance exposure ignited FOMO, analysts caution that liquidity games, token unlocks, and overbought signals could spark a brutal correction.

Is MYX a new DeFi innovator — or just the next “scam pump” waiting to unwind?