MYX Finance is a decentralized exchange platform that is gaining attention in the crypto space, with its token witnessing a 270% increase today. Although a number of factors are influencing the uptrend, there are also negative market sentiments, where some investors suggest manipulation attempts. Let’s discuss.
MYX Finance Token Witness Explosive Growth, Price Soars 270% in 24 Hours
Ahead of the key crypto events and the FOMC Meeting, the market is witnessing a significant uptrend. While that is significant, MYX Finance token has become the biggest gainer of the day, with its valuation growing 270% in just 24 hours.
In this, it has hit a new ATH of $14.37 hours ago, before facing a slight correction, currently trading at $13.18 with $2.59B in market capitalization. Also, its trading volume is up 122%, currently at $782.28M, showcasing its market demand.
- Source: CoinMarketCap, MYX Price Chart
Notably, the token has climbed from its all-time low of $0.04672, marking a staggering 27,000% price surge in just three months. Although the investors have profited heavily, there are also concerns around this massive MYX price surge in this short span.
Top Catalysts Behind the MYX Finance Token Rally
The visibility of a token grows with its listing on top crypto exchanges, but an interesting and different outlook took place this time. With the MYX Finance listing the Trump family’s WLFI token, the visibility and demand for the MYX token grew significantly.
We are thrilled to announce the NEW Listing of $WLFI @worldlibertyfi on MYX Exchange! 🌍
🔹 Trading Pair: WLFI/USDT
🔹 Leverage: Up to 50×
🔹 Trading Starts: September 5st, 13:00 (UTC) pic.twitter.com/eQWL2UABFC— MYX.Finance (@MYX_Finance) September 5, 2025
Besides, there’s high anticipation around the MYX V2 upgrade confirmed for late September 2025. As it will introduce zero slippage, cross-chain support, and other features, it is positioning MYX as a potential DeFi leader.
Experts also suggest that it is mirroring Hyperliquid’s 2024 trajectory, which is leading the DeFi market with the newest addition of the USDH stablecoin launch. While these factors played a key role in today’s rally, the short squeeze effect also helped.
CoinGlass data shows that MYX Finance token is leading the liquidation chart today, with the wipeout of $11.47M long positions and $53M short positions. The mass liquidation of these short positions triggered rapid upward pressure.
- Source: CoinGlass
MYX Price Rally: A Red Flag?
With a significant price uptrend, the RSI has entered extreme overbought conditions. Although there’s no major bearish divergence, analysts warn that there’s only limited room left for an upside move, so a correction may come next.
While this is concerning, there are also red flags and manipulation concerns. Crypto analysts, including MrsBeastDeFi, suspect a controlled move, while others call it textbook manipulation.
Sold a big bag of $MYX
Now its time to send it back below $1 👀$MYX is the proof how MM can manipulate the price chart just to liquidate max 👊 pic.twitter.com/ipD71lTyvd
— MrsBeast DeFi (@MrsbeastD) September 8, 2025
Besides, there’s no major surge in social mentions, suggesting the rally may be artificial. KOLs mention and even the real chatter remains low.
MrsBeastDeFi adds that “MYX is the proof of how MM can manipulate the price chart just to liquidate max.” Additionally, whales have also begun selling for profit, so some accounts mention a potential crash to $1, so caution is needed.
Frequently Asked Questions (FAQs)
MYX V2 upgrade will introduce zero slippage, cross-chain support, and more.
A few analysts suspect the rally may be manipulated by market makers, aiming to trigger liquidation.
After hitting a new ATH, MYX has entered overbought conditions with limited upside potential.
Pooja Khardia
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section.
Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights.
Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry.
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