The post MYX Finance price surges 135% amid manipulation claims appeared on BitcoinEthereumNews.com.

MYX Finance price surged to a new all-time high, but traders are raising alarms about possible insider activity behind the rally. Summary MYX’s sharp rally is fueled by surging derivatives activity, with billions flowing into perpetuals and open interest doubling. The timing of a 39 million token unlock has fueled suspicions of insider selling into retail demand. Community voices warn this may be a coordinated pump-and-dump, echoing patterns seen in Mantra’s collapse earlier this year. The token traded at $3.68 on Sept. 8, up 135% in the past 24 hours and 214% over the past week. The sharp rise pushed MYX Finance (MYX) to a seven-day range of $0.984 to $3.78, with trading volumes soaring alongside. In the past 24 hours alone, MYX registered $314.9 million in spot volume, an 829% increase from the day before. Activity in the derivatives market also increased. Perpetual futures volume rose 2,345% to $4.23 billion, according to Coinglass data, while open interest surged 138% to $262.1 million. These numbers point to both increased market leverage and increased speculative trading. Rising open interest typically signals new positions rather than simple position closing, pointing to traders aggressively chasing the rally. But this also makes the token susceptible to volatility shocks and forced liquidations. Allegations of insider manipulation Concerns about the sustainability of the rally surfaced after Web3 commentator Dominic flagged what he described as “questionable activities” to his 44,000 followers on X on Sept. 7. His breakdown accused whales and insiders of orchestrating a pump-and-dump through wash trading, forced short squeezes, and coordinated buying across exchanges. Some people need jail time for real, today there where some questionable activities going on with $MYX Here’s a more detailed breakdown showing why $MYX looks manipulated and why traders should avoid it: Several red flags I noticed myself that…

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Filed under: News - @ September 8, 2025 7:27 am