MYX Finance Token Surges to New Peaks, Yet Experts Flag Risks of Repeating Mantra’s Dramatic Fall

By: crypto insight|2025/09/11 17:00:05

In the fast-paced world of cryptocurrency, MYX Finance’s native token, MYX, has captured everyone’s attention with its explosive growth. Imagine a small-town athlete suddenly breaking world records—it’s thrilling, but you can’t help wondering if it’s too good to be true. As of September 11, 2025, the token has skyrocketed, posting a 285% increase in just the last 24 hours and a staggering 910% gain over the past month, pushing its market capitalization beyond $2.1 billion. Yet, this meteoric rise comes with whispers of caution, as analysts point to eerie similarities with the boom-and-bust cycle of Mantra (OM), raising fears of manipulation and an impending crash.

Unpacking the MYX Finance Token Rally: Echoes of Past Crypto Dramas

Picture MYX as a high-stakes poker game where the chips are stacking up suspiciously fast. Back in early August, the token exploded with a 1,957% pump, followed by some ups and downs. By yesterday, it climbed another 170%, and today’s trends are holding strong. Drawing from the latest market insights, MYX hit a fresh all-time high today, marking it as the leading gainer in the daily crypto charts. This has ballooned its monthly returns to an eye-popping 910%, all while its total value locked (TVL) hovers at a modest $33 million, per updated DeFi metrics as of September 11, 2025.

This mismatch between a bloated market cap and slim TVL sparks real concerns—it’s like a mansion built on sand, potentially fueled by hype rather than solid fundamentals. One market observer highlighted this disparity, noting how a project with minimal activity can balloon to a $2.5 billion valuation, screaming possible manipulation. To back this up, real-time data shows trading volumes spiking unnaturally, often detached from genuine user engagement.

Experts are quick to draw parallels with Mantra (OM), which followed a similar script last year: a rapid ascent from obscurity to the top ranks, only to plummet sharply. Think of it as history rhyming—sharp gains vaulted OM into the elite 50 by market cap before it all unraveled. An analyst pointed out that MYX’s patterns mimic this, possibly orchestrated by insiders, with rumors linking it to specific groups controlling the narrative. They even speculated on team backgrounds, suggesting operations reminiscent of those behind OM’s downfall, though without concrete proof.

Diving deeper, another voice in the crypto space suggested that MYX’s surge isn’t driven by everyday investors piling in, but by calculated moves from those close to the project. It’s as if the house is rigging the game: reclaiming distributed tokens, inflating prices to lure in shorts, then cashing out at peaks to leave retail traders holding the bag. The endgame? Dominating the token supply and turning futures volatility into a profit engine, especially with major exchanges in the mix. Evidence from trading charts supports this, showing low retail participation and heavy short squeezes, where pained traders vent online without boasting wins— a telltale sign of uneven playing fields.

MYX Finance Emerges as a Trading Volume Giant Amid Growing Doubts

Shifting gears, MYX Finance recently snagged the ‘Volume Powerhouse’ accolade at the BNB Chain Awards on September 8, 2025, underscoring its dominance in perpetual futures trading. Weekly volumes have topped $2.1 billion as of today, painting it as a hotspot for action. One enthusiast described it as a land of opportunities, where keen observers can spot gems—if they look closely.

But this glory draws intense scrutiny. Updated perpetual futures data reveals a pivot: since April, volumes have concentrated on the BNB Chain, clocking $220-$320 million daily, a leap from its earlier Arbitrum focus. A prominent analyst critiqued this setup, exposing flaws in the perps market. Even without premium listings, MYX ballooned to a $10.5 billion fully diluted valuation by September 11, 2025, amassing $210 million in open interest on major platforms, where traders endured negative funding rates.

This setup has platforms raking in millions in fees from $9.5 billion in volume, while users suffer heavy hits—real numbers from exchange dashboards confirm the imbalance. The analyst stressed that perpetual contracts falter without robust spot liquidity, warning of systemic vulnerabilities. If internal market makers stay unscathed, it might just cycle to the next token, perpetuating the risky game.

In a landscape full of such uncertainties, platforms like WEEX exchange stand out for their commitment to transparency and user-centric features. WEEX aligns seamlessly with forward-thinking projects by offering secure, efficient trading tools that prioritize fair play and real-time insights, helping traders navigate volatile markets with confidence. This brand’s focus on reliability builds trust, making it a go-to for those seeking stability amid crypto’s wild swings.

Latest Buzz: What the Community Is Saying About MYX Finance

To keep things current, let’s weave in the hottest discussions buzzing online as of September 11, 2025. Google searches are exploding with queries like “Is MYX Finance a scam?” and “How to trade MYX token safely?”, reflecting widespread skepticism and interest in risk management. On Twitter, trending topics include #MYXCrashRisk and #CryptoManipulation, with users sharing charts comparing MYX to OM’s trajectory. A recent tweet from a verified analyst warned, “MYX following OM’s playbook—pump, dump, repeat. Watch the liquidity dry up.” Official updates from the MYX team via their channels confirm ongoing developments, but no direct response to manipulation claims yet, leaving room for more speculation.

Recent market updates show MYX’s price stabilizing slightly today after the surge, with trading volume holding at elevated levels. Community forums are abuzz with debates on whether this is organic growth or engineered hype, backed by on-chain data revealing concentrated wallet holdings that fuel these theories.

Wrapping this up, MYX’s story is a rollercoaster that reminds us why due diligence is key in crypto. It’s like chasing a shooting star—exhilarating, but you need to know when to step back.

FAQ

What makes MYX Finance’s recent surge suspicious to analysts?

Analysts point to the huge gap between its $2.1 billion market cap and just $33 million in TVL, suggesting manipulation over real demand, much like Mantra’s pattern of quick rises followed by crashes.

How does MYX compare to Mantra (OM) in terms of market behavior?

MYX mirrors OM’s playbook with rapid pumps driven by possible insider control, leading to volatility and steep declines, as seen in trading data and historical charts.

Is it safe to invest in MYX token right now?

While the token has seen massive gains, experts advise caution due to low liquidity and manipulation risks—always research independently and consider diversified strategies.

Over the past 24 hours, the crypto market has shown strong momentum across multiple dimensions. The mainstream discussion has focused on Coinbase's official entry into the prediction market through the acquisition of The Clearing Company, as well as the intense controversy within the AAVE community regarding token incentives and governance rights.

In terms of ecosystem development, Solana has introduced the innovative Kora fee layer aimed at reducing user transaction costs; meanwhile, the Perp DEX competition has intensified, with the showdown between Hyperliquid and Lighter sparking widespread community discussion on the future of decentralized derivatives.

I. Mainstream Topics

1. Coinbase Acquires The Clearing Company, Officially Entering Prediction Market

This week, Coinbase announced the acquisition of The Clearing Company, marking another significant move to deepen its presence in this field after last week's announcement of launching a prediction market on its platform.

The Clearing Company's founder, Toni Gemayel, and the team will join Coinbase to jointly drive the development of the prediction market business.

Coinbase's Product Lead, Shan Aggarwal, stated that the growth of the prediction market is still in its early stages and predicts that 2026 will be the breakout year for this field.

The community has reacted positively to this, generally believing that Coinbase's entry will bring significant traffic and compliance advantages to the prediction market. However, this has also sparked discussions about the industry's competitive landscape.

Jai Bhavnani, Founder of Rivalry, commented that for startups, if their product model proves to be successful, industry giants like Coinbase have ample reason to replicate it.

This serves as a reminder to all entrepreneurs in the crypto space that they must build significant moats to withstand competition pressure from these giants.

2. Kalshi Launches Kalshi Research and Integrates BSC Network

Regulated prediction market platform Kalshi launched its research arm, Kalshi Research, this week, aimed at opening its internal data to the academic community and researchers to facilitate exploration of prediction market-related topics.

Its inaugural research report highlights Kalshi's outperformance in predicting inflation compared to Wall Street's traditional models. Kalshi co-founder Luana Lopes Lara commented that the power of prediction markets lies in the valuable data they generate, and it is now time to better utilize this data.

Meanwhile, Kalshi announced its support for the BNB Chain (BSC), allowing users to deposit and withdraw BNB and USDT via the BSC network.

This move is seen as a significant step for Kalshi to open its platform to a broader crypto user base, aiming to unlock access to the world's largest prediction market. Furthermore, Kalshi also revealed plans to host the first Prediction Market Summit in 2026 to further drive industry engagement and development.

3. AAVE Token Incentive Controversy Persists as Founders and Whales Increase Holdings Against the Market Trend

The AAVE community recently engaged in heated debates around an Aave Improvement Proposal (AIP) titled "AAVE Tokenomics Alignment Phase One - Ownership Governance," aiming to transfer ownership and control of the Aave brand from Aave Labs to Aave DAO.

Aave founder Stani Kulechov publicly stated his intention to vote against the proposal, believing it oversimplifies the complex legal and operational structure, potentially slowing down the development process of core products like Aave V4.

The community's reaction was polarized. Some criticized Stani for adopting a "double standard" in governance and questioned whether his team had siphoned off protocol revenue, while others supported his cautious stance, arguing that significant governance changes require more thorough discussion.

This controversy highlights the tension between the ideal of DAO governance in DeFi projects and the actual power held by core development teams.

Despite governance disputes putting pressure on the AAVE token price, on-chain data shows that Stani Kulechov himself has purchased millions of dollars' worth of AAVE in the past few hours.

Simultaneously, a whale address, 0xDDC4, which had been quiet for 6 months, once again spent 500 ETH (approximately $1.53 million) to purchase 9,629 AAVE tokens. Data indicates that this whale has accumulated nearly 40,000 AAVE over the past year but is currently in an unrealized loss position.

The founder and whale's increased holdings during market volatility were interpreted by some investors as a confidence signal in AAVE's long-term value.

4. Top Articles: DeFi Curators and Ethereum Annual Summary

In this week's top article, Morpho Labs' "Curator Explained" detailed the role of "curators" in DeFi.

The article likened curators to asset managers in traditional finance, who design, deploy, and manage on-chain vaults, providing users with a one-click diversified investment portfolio.

Unlike traditional fund managers, DeFi curators execute strategies automatically through non-custodial smart contracts, allowing users to maintain full control of their assets. The article offered a new perspective on the specialization and risk management in the DeFi space.

Another widely circulated article, "Ethereum 2025: From Experiment to Global Infrastructure," provided a comprehensive summary of Ethereum's development over the past year. The article noted that 2025 is a crucial year for Ethereum's transition from an experimental project to global financial infrastructure. Through the Pectra and Fusaka hard forks, Ethereum achieved significant reductions in account abstraction and transaction costs.

Furthermore, the SEC's clarification of Ethereum's "non-securities" nature and the launch of tokenized funds on the Ethereum mainnet by traditional financial giants like JPMorgan marked Ethereum's gaining recognition from mainstream institutions. The article suggested that whether it is the continued growth of DeFi, the thriving L2 ecosystem, or the integration with the AI field, Ethereum's vision as the "world computer" is gradually becoming a reality.

II. Mainstream Ecosystem Updates

1. Solana: Launches Kora Fee Layer and propAMM Data Research

The Solana Foundation engineering team released a fee layer solution called Kora this week.

Kora is a fee relayer and signatory node designed to provide the Solana ecosystem with a more flexible transaction fee payment method. Through Kora, users will be able to achieve gas-free transactions or choose to pay network fees using any stablecoin or SPL token. This innovation is seen as an important step in lowering the barrier of entry for new users and improving Solana network's availability.

Additionally, a deep research report on propAMM (proactive market maker) sparked community interest. The report's data analysis of propAMMs on Solana like HumidiFi indicated that Solana has achieved, or even surpassed, the level of transaction execution quality in traditional finance (TradFi) markets.

For example, on the SOL-USDC trading pair, HumidiFi is able to provide a highly competitive spread for large trades (0.4-1.6 bps), which is already better than the trading slippage of some mid-cap stocks in traditional markets.

Research suggests that propAMM is making the vision of the "Internet Capital Market" a reality, with Solana emerging as the prime venue for all of this to happen.

2. Perp DEX: Hyperliquid vs. Lighter Competition Intensifies

The competition in the perpetual contract DEX (Perp DEX) space is becoming increasingly heated.

In its latest official article, Hyperliquid has positioned its emerging competitor, Lighter, alongside centralized exchanges like Binance, referring to it as a platform utilizing a centralized sequencer. Hyperliquid emphasizes its transparency advantage of being "fully on-chain, operated by a validator network, and with no hidden state."

The community widely interprets this as Hyperliquid declaring "war" on Lighter. The technical differences between the two platforms have also become a focal point of discussion: Hyperliquid focuses on ultimate on-chain transparency, while Lighter emphasizes achieving "verifiable execution" through zero-knowledge proofs to provide users with a Central Limit Order Book (CLOB)-like trading experience.

This battle over the future direction of decentralized derivatives exchanges is expected to peak in 2026.

Meanwhile, discussions about Lighter's trading fees have surfaced. Some users have pointed out that Lighter charged as much as 81 basis points (0.81%) for a $2 million USD/JPY forex trade, far exceeding the near-zero spreads of traditional forex brokers.

Some argue that Lighter does not follow a B-book model that bets against market makers, instead anchoring its prices to the TradFi market, and the high fees may be related to the current liquidity or market maker balance incentives. Providing a more competitive spread for real-world assets (RWA) in the highly volatile crypto market is a key issue Lighter will need to address in the future.

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Galaxy's 26 Predictions for Next Year: Bitcoin to Reach New ATH, Stablecoin Transaction Volume to Surpass ACH System

Solana's total value locked in the Internet Capital Market is set to surge to $2 billion (currently around $750 million).

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