The cryptocurrency MYX token experienced a significant surge in value over the last day. Projections indicate an impressive gain exceeding 266%. The price of the token soared from approximately $1.3 to a peak of $13.18.
MYX Token Sees Explosive 90,000% Increase
Starting from a trading price of around $0.16 in August 2025, the MYX token has witnessed an extraordinary climb, reaching an all-time high (ATH) of $14.4. This represents a remarkable 90-fold increase in value, a movement that has stunned market observers.
Excited to announce the NEW listing of $WLFI @worldlibertyfi on MYX Exchange! 🌍
🔹 Trading Pair: WLFI/USDT
🔹 Leverage: Up to 50×
🔹 Trading Starts: September 5st, 13:00 (UTC) pic.twitter.com/eQWL2UABFC— MYX.Finance (@MYX_Finance) September 5, 2025
The primary factors driving this significant uptrend appear to be the listing of WLFI on the MYX exchange platform, along with heightened anticipation surrounding the upcoming V2 upgrade. Concurrently, data derived from derivatives trading indicates a substantial short squeeze event, evidenced by a sharp increase in the funding rate. It’s estimated that between $10 million and $14 million in short positions were closed out, with total contract trading volume surpassing $4 billion, further propelling the token’s rapid ascent.
Source: Coinglass
An analysis of MYX tokenomics reveals that a recent unlock event released approximately 39.36 million MYX tokens (about 3.9% of the total supply) nearly simultaneously with the price surge. This timing has raised concerns and suspicions about potential insider trading activities.
MYX Token Unlocks
Further scrutiny by on-chain observers has identified patterns suggestive of coordinated buying across multiple cryptocurrency exchanges, a characteristic often associated with pump-and-dump schemes.
Some people need jail time for real, today there where some questionable activities going on with $MYX Here’s a more detailed breakdown showing why $MYX looks manipulated and why traders should avoid it:
Several red flags I noticed myself that point to manipulation and insider…
— Dominic(evm/acc)💭 (@0xD0M_) September 7, 2025
Currently, the Relative Strength Index (RSI) for MYX is above 90, signaling an overbought condition. Retail investors entering the market at this inflated price level face a heightened risk of substantial losses should a correction occur. Market participants are advised to exercise caution. While the potential for short-term profits is appealing, the surge could potentially be a “bull trap” rather than the inception of a genuine sustained uptrend.
Whale Manipulation: A Recurring Pattern?
Similar market dynamics have been observed in the past. LUNA in 2021 and APT in 2022 both demonstrated aggressive price increases, leading to significant losses for those betting against them. More recently, coins such as HYPE from Hyperliquid, EtherFi, and even DOGS experienced rapid escalations that mirrored the current situation.
This technique often involves large, coordinated movements that penalize smaller, unsophisticated traders. Many believe that the surge in MYX’s value is yet another demonstration of “whale games,” where short sellers experiencing fear of missing out (FOMO) are exploited and insiders profit handsomely.
