MYX Finance experiences a meteoric rise amid insider trading allegations. Is it a pump-and-dump, or the real deal? Let's dive in!
MYX Finance is making waves. Surging 13x in a week, the price action is wild! But, insider trading claims are swirling. Buckle up, crypto fam, because things are getting interesting.
MYX Finance: From Obscurity to Overnight Sensation
MYX Finance (MYX) has exploded, trading around $17.08, a whopping 1,320% increase in just seven days. The market cap soared past $2.13 billion, making everyone ask: What's going on?
The Airdrop Anomaly: $170 Million Up for Grabs?
Bubblemaps, the on-chain sleuths, raised eyebrows with some juicy findings. They flagged a cluster of about 100 freshly funded addresses scooping up nearly 9.8 million MYX tokens, worth around $170 million. All funded through OKX on the same day, acting in near-identical patterns? Smells fishy, right?
Insider Trading Accusations: Whales Orchestrating the Pump?
Web3 commentator Dominic dropped a bombshell, accusing whales and insiders of masterminding a pump-and-dump scheme. Wash trading, forced short squeezes, and coordinated buying? He says the daily perpetuals volume surged to a crazy $6–9 billion, which is, let's just say, a *bit* disproportionate for a token of its size.
Technical Analysis: A Parabolic Rise and a Potential Plunge?
The MYX price chart is showing a straight vertical line. The RSI is screaming
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