MYX Finance Soars 241%, But On-Chain Data Flashes Manipulation Warnings
- MYX hits $6.71 ATH with a $1.32B market cap and $499M daily volume.
- Analysts flag token unlock timing, short liquidations, and pump-like activity.
- Bitget drives 66% of trades as debate grows over sustainability vs manipulation.
MYX Finance (MYX) exploded to a new all-time high of $6.71 in early Asian trading, rallying over 241% in just 24 hours. The surge was backed by a massive 515% increase in trading volume, but a closer look at the on-chain data is raising serious questions about whether the move is a sustainable rally or a coordinated, insider-driven pump.
MYX Massive 241% Rally
Data placed the project at a fully diluted valuation (FDV) of $6.7 billion, with the circulating market cap aligned to the unlocked value of $1.32 billion.
Trading volume also rose. Daily transactions totaled $499 million, marking a 515.13% increase compared with the prior day. The ratio of trading volume to market capitalization stood at 37.61%, reflecting a highly liquid market environment.
Liquidity, TVL, and Speculative Interest
The project’s total value locked (TVL) is measured at $31.87 million. When compared to the market cap, the 41.6…
The post MYX Finance Soars 241%, But On-Chain Data Flashes Manipulation Warnings appeared first on Coin Edition.
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MYX Finance Soars 241%, But On-Chain Data Flashes Manipulation Warnings
- MYX hits $6.71 ATH with a $1.32B market cap and $499M daily volume.
- Analysts flag token unlock timing, short liquidations, and pump-like activity.
- Bitget drives 66% of trades as debate grows over sustainability vs manipulation.
MYX Finance (MYX) exploded to a new all-time high of $6.71 in early Asian trading, rallying over 241% in just 24 hours. The surge was backed by a massive 515% increase in trading volume, but a closer look at the on-chain data is raising serious questions about whether the move is a sustainable rally or a coordinated, insider-driven pump.
MYX Massive 241% Rally
Data placed the project at a fully diluted valuation (FDV) of $6.7 billion, with the circulating market cap aligned to the unlocked value of $1.32 billion.
Trading volume also rose. Daily transactions totaled $499 million, marking a 515.13% increase compared with the prior day. The ratio of trading volume to market capitalization stood at 37.61%, reflecting a highly liquid market environment.
Liquidity, TVL, and Speculative Interest
The project’s total value locked (TVL) is measured at $31.87 million. When compared to the market cap, the 41.6…
The post MYX Finance Soars 241%, But On-Chain Data Flashes Manipulation Warnings appeared first on Coin Edition.
Read More
Is DeFi the Reason Crypto Rallies Are Stalling?