MYX Finance climbed 19% to hit $6.43 before pulling back to $6.15, where it traded at press time. The rally followed the token’s listing on KuCoin Alpha on Jan. 12. Daily trading volume climbed to $32.2 million, up 27% from the previous day, according to CoinGecko data. MYX traded between $4.63 and $6.43 over the past seven days, with the current price near the top of that range. The token remains 68% below its all-time high of $19.03 set in September 2025. KuCoin Alpha Listing Expands Exchange Access ...

RT BSCN (@BSCNews)⚠️ Early-Stage Project: MYX Finance@MYX_Finance builds on the best of perpetuals trading and enhances it with cutting-edge tech.Its $MYX token has been on the rise since August and its community grows bigger by the day.Here's what you need to get on top of one of 2025's most successful launches ⬇️https://t.co/NZvccF5PGZ ...

RT BSCN (@BSCNews)⚠️ Early-Stage Project: MYX Finance@MYX_Finance builds on the best of perpetuals trading and enhances it with cutting-edge tech.Its $MYX token has been on the rise since August and its community grows bigger by the day.Here's what you need to get on top of one of 2025's most successful launches ⬇️https://t.co/NZvccF5PGZ ...

RT BSCN (@BSCNews)⚠️ Early-Stage Project: MYX Finance@MYX_Finance builds on the best of perpetuals trading and enhances it with cutting-edge tech.Its $MYX token has been on the rise since August and its community grows bigger by the day.Here's what you need to get on top of one of 2025's most successful launches ⬇️https://t.co/NZvccF5PGZ ...

⚠️ Early-Stage Project: MYX Finance@MYX_Finance builds on the best of perpetuals trading and enhances it with cutting-edge tech.Its $MYX token has been on the rise since August and its community grows bigger by the day.Here's what you need to get on top of one of 2025's most successful launches ⬇️https://t.co/NZvccF5PGZ ...

Core Insights - MYX Finance has experienced a significant decline in market value, dropping nearly 67% over the past week, while Bitcoin has reached new all-time highs, indicating a disconnect between the two assets [1][5] - The Relative Strength Index (RSI) for MYX Finance is below the neutral 50.0 mark, indicating a bearish trend and a lack of buying pressure, which raises concerns about further declines [2][3] - MYX's correlation with Bitcoin has decreased to -0.32, suggesting an inverse relationship, which is concerning given Bitcoin's recent performance [4][5] Price Movement - MYX Finance's price has fallen by 37.6% in the last 24 hours, trading at $5.16, just above the critical psychological support level of $5.00 [6] - A breakdown below the 50-day exponential moving average (EMA) confirms short-term bearish sentiment, with potential further declines towards $3.45 if selling pressure continues [7] - Conversely, if buying interest emerges, a rebound from $5.00 could lead to a rally towards $7.00 and possibly breach $8.90, indicating a potential recovery [8]

Core Insights - MYX Finance (MYX) has experienced a price surge of over 2,000% since early September, with market capitalization increasing from approximately $250 million to about $4.6 billion in just 10 days [2] - The price volatility of MYX Finance has been significant, with a 40% drop following an all-time high on September 11, followed by a rapid recovery [2] - Unlike typical meme coins, MYX Finance is positioned as a decentralized exchange (DEX) for perpetual trading, backed by notable entities such as Consensys, the creators of MetaMask [3] Market Dynamics - MYX token is not widely available for spot trading on centralized exchanges (CEXs), notably absent from Binance, despite connections to the project [5] - The project has targeted the Asian market, particularly China, and has received what appears to be unofficial support from BNB Chain [6] - MYX Finance participated in Binance's Alpha program, which has faced accusations of insider trading, raising concerns about the legitimacy of its growth [6] Insider Activity and Community Response - Discussions around potential insider trading have emerged, with analysts linking around 100 wallets to suspicious transactions related to MYX Finance [4][7] - Despite the price rally, MYX Finance's revenue remains low, under $0.5 million monthly, suggesting that the surge may be driven more by speculation than by organic demand [7]

Core Insights - MYX Finance has denied allegations of fraud and manipulation related to the MYX token airdrop, which saw a significant price surge of 1200% in two days [1] - The platform has faced scrutiny from analysts and blockchain analytics firm Bubblemaps, which flagged suspicious activities surrounding the airdrop [2][3] Allegations and Investigations - Bubblemaps reported that nearly 100 wallets were funded through OKX about a month before the airdrop, with each wallet receiving similar amounts of BNB [3] - These wallets collectively secured around 9.8 million MYX tokens, representing 1% of the total supply, raising concerns about the legitimacy of the airdrop [3][4] Company Response - MYX Finance clarified that airdrop rewards were allocated based on legitimate user trading volume and liquidity provider contributions, except for its "Cambrian" campaign which included anti-Sybil measures [5] - The company allowed high-volume participants to request pre-launch address changes to encourage user participation [6] Future Measures - MYX Finance plans to enhance measures against Sybil attacks in future campaigns that involve user growth incentives while maintaining an open approach in trading and liquidity provider incentive programs [7] - Following the price rally, the MYX token has experienced volatility, trading between $13 and $18, with daily trading volumes dropping by 33% to $575 million [7][8]