🚨 MYX Finance: meteoric rise and risk of collapse
In the last two days, the MYX token from MYX Finance surprised the market with explosive growth.
📈 The rally
In just 48 hours, $MYX rose more than 270%, reaching prices of $16–17.
The trading volume exceeded $600–800 million daily.
In the last month, it has accumulated an increase close to 900%.
📊 The doubts
Despite the enthusiasm, there are signals that raise alarms:
The market capitalization exceeds $2 billion, while the total value locked (TVL) is barely around $32 million.
Analysts detect patterns similar to the rally and collapse of MANTRA (OM), suggesting possible manipulation movements.
The parabolic rise is already starting to show corrections, a typical sign of speculative overheating.
⚖️ The debate
For some, MYX represents a unique opportunity in DeFi.
For others, it is an example of how euphoria and supply control can artificially inflate an asset.
🔎 Conclusion
MYX has captured headlines for its dizzying growth, but it also reminds us of the fragility of rallies without solid fundamentals. In crypto, the most spectacular rises are often accompanied by equally abrupt falls.
Euphoria can be tempting... but caution is never redundant.
