The post MYX Finance price surges again as funding rate points to a crash appeared on BitcoinEthereumNews.com.

MYX Finance price went parabolic again as the recent short-squeeze resumed. However, the formation of a double-top pattern and the funding rate point to an eventual crash in the coming days. Summary MYX Finance price surged again on Wednesday. The funding rate plummeted, pointing to more downside in the near term. It has formed a double-top pattern on the daily chart. MYX Finance (MYX) came in the spotlight earlier this month as it jumped from $1 to nearly $20 within a days. This surge pushed the token’s fully diluted valuation to over $20 billion. Some cryptocurrency analysts noted that the surge was likely part of a market manipulation, potentially by insiders. In a post, Bubblemaps said that over 100 active addresses that received 1% of the supply during the airdrop were owned by the same entities, an allegation that its developers denied. > be MYX Finance> launch your token> run an airdrop campaign> 100 sybil addresses receive 1% of the supply> go from 0 to $20B FDV overnight> that 1% is now worth $200M> people start asking questions> drop a long, vague GPT-reply> somehow make things even more suspicious>… https://t.co/YHlo0Sl8xZ pic.twitter.com/5wujlNHXnm — Bubblemaps (@bubblemaps) September 9, 2025 Another possible reason for the rally is that the MYX Finance platform is doing relatively well. Data compiled by DeFi Llama shows that the network has handled perpetual futures worth $5 billion this month so far. It handled volume worth $10.3 billion in July, making it one of the biggest players in the perpetual futures industry. Still, whether the short squeeze is genuine or part of market manipulation, there are reasons why the token will crash soon. One of them is that the funding rate in the futures market has plummeted to the lowest level since August. A falling funding rate is a…

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Filed under: News - @ September 18, 2025 4:16 am