Once a sub-$10 million market cap sleeper, $MYX exploded onto the scene this week. It rallied nine-fold in 48 hours. Today alone, it jumped another 140 percent, vaulting from $50 million to $120 million in total valuation.
Perpetual frenzy followed. Binance perpetual contracts lit up as volume topped $4.97 billion in 24 hours, dwarfing PancakeSwapβs $79 million and Bitgetβs $77 million spots. Funding rates sit at -2 percent. Shorts dominate. A perfect squeeze setup.
$MYX Surges 16x in 7 Days β Behind It, 6 Wallets, 2,240 Micro Buys & 1 Whale Trap?π―
In one of the most aggressive runs in recent memory, MYX skyrocketed 16x in a week, including a 483% daily gain β but this wasnβt your average breakout.
Six coordinated wallets made 2,240 small⦠pic.twitter.com/BiuTNnuFwh
β EyeOnChain (@EyeOnChain) August 5, 2025
$MYX Finance is a decentralized perpetual exchange. It delivers zero slippage via its patented Matching Pool Mechanism (MPM). Trades route through a shared pool, matching orders instantly without order book depth issues. That makes it a favorite for whales chasing big moves.
$MYX Whale In Play To WatchΒ
In what might be the most calculated whale maneuver weβve witnessed, six coordinated wallets quietly snapped up 2 240 micro-buys on PancakeSwap. They amassed 6.72 million $MYX, which is roughly $3.92 million, then funneled all tokens into one Bitget deposit address: 0x0300dF6943EAA758A6fd8b2C1041F09F872157b2
Accumulating wallets included:
0x0e1b19fcb76165120ab6fa9bd8be9062849427f1
0xe5ada4ffebdffe51c44389d79d61739d11a0b858
0xcf7d3acab025eb35f958e29423624ca0cb7730c7
0x90b8328962ba55e406fbbd52fda484201f60431b
0x9e6deda3ed0dd5bc2fcec855726560f4e5ef23cb
0x52d3d55a9c94282ddf08a0216dd890693ff5fc60
The strategy? Accumulate off-radar. Pump Bitgetβs spot market. Ignite volatility. Then flip into Binance perps for maximum leverage.
Signs Of Market Manipulation Spotted
Short funding rates. Insane perpetual volume with thin genuine spot interest. Coordinated wallet action.
X user Tommy Famous sounded the alarm:
This is straight-up market manipulation. Two of my MEXC accounts got liquidated. Three are deep in the red. Iβll reload and short this garbage to zero. Tiny $15 million coin, pumped 10Γ via perps. Retail got wiped, over $22 million in liquidations. No real spot buyers. Itβs algorithmic warfare run by insiders.
I’m Warning Everyone About $MYX β This Is Straight-Up Market Manipulation!
Two of my five MEXC accounts got completely liquidated, and the other three are deep in the red right now. The smartest move I can make is to reload those two wiped-out accounts and SHORT this garbage all⦠pic.twitter.com/piVmTSTLcX
β Tommy Famous (@TommyBeFamous) August 5, 2025
Heβs not alone. Many retail traders report heavy losses. Trust in CEX-led crypto erodes.
$MYX Token Unlock countdown
Tomorrow, 39 million $MYX tokens will unlock. That represents roughly 20 percent of circulating supply. Unlock events usually trigger dumps. Whales could offload into panic sell orders. Or they could quietly gobble supply at depressed prices.
This might be one of the slickest whale games yet. Retail is the bait. Insiders and exchanges hold the line. Remember: high leverage profits insiders. Retail eats the volatility.
Stay alert. Keep orders tight. Be ready for a 10β30 percent dump. Or brace for a 20β50 percent short squeeze. Donβt chase. Plan your exit before tomorrowβs unlock.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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