#MYX #Allegations #response ---
đ MYX Finance â Use Case
đą Decentralized perpetual exchange (DEX) on Arbitrum & Base
đ Supports leverage trading
đ Liquidity providers (LPs) earn fees & rewards
đ Big airdrops to grow community
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â ď¸ Allegations / Controversy
đľď¸ Sybil Airdrop Exploit â ~100 wallets claimed $170M
đ Some wallets allegedly tied to founder addresses
đ Price Pump â $3â$5+ sparked dump fears
âťď¸ Suspicions of wash-trading / manipulation
đŁ Traders expected an insider dump on retail liquidity
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đĄď¸ MYX Finance Response
đ
Denied fraud â says rewards based on real trading & LP activity
đ§Š Claimed âCambrianâ campaign had anti-Sybil filters
đ Admitted address changes pre-launch â called it flexibility
đŽ Promised stronger Sybil protections in future campaigns
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đ Liquidity Pool Effect
đŚ Enormous liquidity made dumping harder without hurting price
đ§ Holders realized selling low = hurting themselves
đ Instead of panic â they held stronger
đ Pool depth created a price floor & stability
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đŻ Outcome
đĽ Fears of dump actually made loyal holders more resilient
đŞ Community confidence rose â less short-term dumping
đ Result: Stronger holder base + reinforced price support
$MYX