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Analysis: MYX surged 16-fold in seven days, suspected of being manipulated across platforms - CoinFeed
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Analysis: MYX surged 16-fold in seven days, suspected of being manipulated across platforms

August 6, 2025
CoinFeed News

Six addresses purchased approximately 6.72 million MYX (approximately $3.92 million USD) across 2,240 transactions within 24 hours, subsequently depositing all of the funds into the Bitget address 0x030…57b2B. During the same period, Pancake's trading volume was $79.1 million USD, Bitget's spot trading volume was $77.31 million USD, and Binance's futures trading volume was $4.97 billion USD. The funding rate was -2%, suggesting market manipulation through a linkage between spot and futures trading.

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