{"id":6824,"date":"2025-08-05T15:24:09","date_gmt":"2025-08-05T15:24:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/myx-crypto-sees-1500-gains-retail-trap-in-the-making\/"},"modified":"2025-08-05T15:24:10","modified_gmt":"2025-08-05T15:24:10","slug":"myx-crypto-sees-1500-gains-retail-trap-in-the-making","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/myx-crypto-sees-1500-gains-retail-trap-in-the-making\/","title":{"rendered":"MYX crypto sees 1500% gains: Retail trap in the making?"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">MYX crypto rally is not stopping, registering a 1,500% gain in just two days. But can the rally continue?<\/p>\n<div id=\"cn-block-summary-block_e7074c3227e59beef6125351fc422f89\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>MYX Finance rose 1500% percent in just a few days<\/li>\n<li>The project reached a market cap of $220M, joining the top 250 tokens<\/li>\n<li>Still, there are signals that a crash may come soon<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The MYX crypto rally continues to a new all-time high. On Tuesday, August 5, the MYX Finance token registered a 1,507% increase in just two days. Subsequently, the token\u2019s price reached an ATH of $1.76, and the project attained a $220 million market cap.<\/p>\n<p>A rally that started as a speculative drive fueled by excess liquidity in the BNB ecosystem propelled this token into the top 250 by market cap. Recent news has further boosted the bullish case.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Notably, on August 5, Bitget <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/bitgetglobal\/status\/1952274469474664606\" target=\"_blank\">listed<\/a> the MYX to USDT perpetual contract for spot trading. This listing will expose MYX crypto to more traders, potentially boosting the price further. <\/p>\n<p>Some traders also shifted attention to the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/myxfinance.medium.com\/testnet-version-2-0-update-8119ad44438a\" target=\"_blank\">upcoming V2 upgrade<\/a>, aimed at further reducing the slippage on the MYX Finance derivatives exchange. However, others have started to point out red flags in the rally. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Will the MYX crypto rally continue?   <\/h2>\n<p>MYX Finance is experiencing heavy shorting pressure. Notably, funding rates have <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/Ashique_6\/status\/1952729371514392983\" target=\"_blank\">dropped to -2%,<\/a> indicating strong demand for short positions. At the same time, traders noted that large sell orders were placed near $1.70, suggesting that whales are beginning to take profits.<\/p>\n<p>Others noted a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/rutradebtc\/status\/1952714845540765935\" target=\"_blank\">large discrepancy<\/a> between the futures volume, at $7 billion, and relatively low spot volume. This could be a red flag, signaling inorganic or bot-driven activity aimed at artificially inflating the token\u2019s price.<\/p>\n<p>Unlike the stock market, crypto markets don\u2019t have robust protections against wash trading. For this reason, retail traders jumping into the MYX crypto could serve as exit liquidity for whales.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MYX crypto rally is not stopping, registering a 1,500% gain in just two days. But can the rally continue? Summary MYX Finance rose 1500% percent in just a few days&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6824"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6824\/revisions"}],"predecessor-version":[{"id":6825,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6824\/revisions\/6825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1912"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}