Key takeaways:
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MYX token soared 1,400% to $18.42 previously week on Trump-linked listings and different components.
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Analysts warn of pink flags warning of value plunging 70–85% subsequent.
MYX Finance (MYX) has exploded almost 1,400% in every week, climbing to an all-time excessive of $18.42 on Wednesday.
What’s MYX Finance?
MYX is a decentralized perpetual change that makes use of a novel system referred to as the Matching Pool Mechanism (MPM).
As a substitute of a normal order guide or AMM, it matches merchants by a shared pool by first taking the other aspect of the commerce after which pairing longs and shorts later. The objective is to ship near-zero slippage, much like centralized exchanges, however absolutely onchain.
The platform provides USDC-margined contracts with as much as 50x leverage and makes use of a dual-oracle system for pricing.
Why is MYX token value hovering?
Among the many high catalysts which have pushed this MYX’s demand larger embody a Donald Trump-related occasion, outsized derivatives exercise, and others.
Let’s look at these catalysts intimately.
World Liberty Monetary’s (WLFI) token itemizing
On Sept. 5, MYX Finance introduced that it might record the WLFI token, related to US President Donald J. Trump and his household.
The MYX token began rallying a day after the announcement, indicating {that a} high-profile itemizing on its mum or dad DEX boosted its visibility amongst speculative merchants.
Binance Alpha itemizing fuels FOMO
MYX’s rally additionally gained momentum from its high rating on Binance Alpha’s record of best-performing airdrops and token era occasions (TGEs).
It has delivered the strongest returns amongst lately launched tokens, with early customers seeing their allocations surge from round $5.92 per token to over $8,100 in worth per consumer, based on Binance Pockets knowledge printed on Tuesday.
On the similar time, MYX’s open curiosity had climbed over $400 million, based on CoinGlass knowledge, thus underscoring surging derivatives exercise.
The mix of upper accessibility by Binance channels and deeper liquidity throughout perps markets has amplified retail FOMO and speculative shopping for, resulting in explosive MYX token beneficial properties.
Aggressive brief squeeze furthers MYX rally
Persistent each day brief liquidations have pushed MYX’s parabolic rally additional larger.
Between Sept. 6 and Sept. 10, merchants liquidated $89.51 million in shorts towards $23.45 million in longs, based on CoinGlass.
When MYX’s value jumped previous $10–$12 and began racing towards $18, many merchants who had guess on the value happening (shorts) have been compelled to purchase again rapidly to chop their losses.
As a result of there aren’t many tokens in circulation and plenty of folks commerce with excessive leverage, these buybacks pushed the value up even sooner, sending MYX to new document highs.
A number of pink flags in MYX rally, analysts warn
MYX’s rally is drawing skepticism from market watchers.
For example, a 39 million token unlock coincided with the value surge, elevating fears that early holders used retail demand to exit at inflated ranges.
Web3 commentators flagged uncommon buying and selling patterns, together with each day perpetual volumes as excessive as $6–9 billion and suspected whale coordination throughout Binance, Bitget, and PancakeSwap.
These flows, coupled with compelled brief liquidations, have fueled speak of manipulation.
On X, customers described MYX’s transfer as a “rip-off pump” or “crime scene,” much like Mantra’s 90% crash earlier in 2025.
Technical indicators additionally counsel that the rally is likely to be overextended. MYX’s relative power index (RSI) has spiked to 89–97, signaling extraordinarily overbought situations.
Comparable RSI situations in August preceded a 60% crash in MYX costs, with the token’s 20-day (inexperienced) and 50-day (pink) exponential shifting averages (EMAs) changing into major draw back targets.
A downtrend of comparable proportion can due to this fact push MYX value down towards the EMA vary of $2.72-5.10 within the coming weeks, or 70-85% down from present costs.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a call.
