MYX Token Surges 90x In One Month Amid Manipulation Criticism

In the past 24 hours, the MYX token has seen a massive pump. The expected gain is more than 266%. The token price pumped from around $1.3 to as high as $13.18.

A 90,000% MYX Token Pump

From August 2025, the MYX token traded around $0.16. With its current peak, the MYX token has skyrocketed to a new ATH of $14.4, implying a 90x increase. We see it as a staggering move for the market.

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

The main drivers behind this rally appear to be the listing of WLFI on the MYX exchange and hype around the upcoming V2 upgrade. At the same time, derivatives data shows a strong short squeeze with the funding rate spiking hard: over $10–14 million in short positions were liquidated, with trading volume in contracts exceeding $4 billion, fueling the rapid climb.

Looking at MYX tokenomics, a recent unlock released about 39.36 million MYX (around 3.9% of supply) at almost the same time as the price rally, which sparked suspicion of insider selling.

On-chain watchers also pointed to coordinated buying across multiple exchanges, a pattern often tied to pump-and-dump moves.

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 point to manipulation and insider…

— Dominic(evm/acc)💭 (@0xD0M_) September 7, 2025

Currently, when looking at the RSI metric, we see that it is above 90. Which clearly means an overbought signal. When buying at this price level, retail investors face an extremely high risk of a sharp drop. Traders are advised to stay cautious. Still, the short-term gains are attractive, and the rally could easily lure in more buyers. The danger is that this jump may be more of a bullish trap than the start of a real long-term trend.

Whales Game – History Repeats?

In the past, we’ve seen this kind of move before. LUNA in 2021 and APT in 2022 both pumped hard and wiped out traders who went short too soon. More recently, tokens like HYPE from Hyperliquid, EtherFi, and even DOGS had sharp runs that looked the same.

This technique works like sudden whale moves that punish some “special” small players. To many, MYX’s rally feels like another round of the same “whales game,” where FOMO shorts get crushed and insiders walk away with profits.