Just days after hitting headlines for a 1,000% rally, MYX Finance has added another leg to its meteoric rise. The token is now up nearly 1,500% over the past week and 10% today alone. It trades around $18.40, just below its all-time high of $18.52, set earlier this morning.
But behind the gains lies a growing pattern of extreme volatility. Over the past 24 hours, MYX has bounced between $12 and $18 more than once, briefly dropping over 30% before recovering within hours. These rapid moves are becoming more frequent – and harder to ignore.
Now a Top 35 Crypto
With a market cap of more than $3.6 billion, MYX has overtaken several major projects, including Polygon, Arbitrum, Pi Network, and Bitget Token. It now ranks as the 35th-largest cryptocurrency by market capitalization, a level that seemed out of reach just a week ago.
Adding to its recent momentum, the project announced that $MYX is now ranked #1 on Binance Alpha’s “Top Performing Airdrops & TGEs”, calling it a community-driven milestone and hinting at more updates to come.
Volatility Replacing FOMO?
While the overall trend is still positive, the trading pattern has become highly unstable. The last 24 hours saw the price drop from $18 to $12, climb back to $18 again, and then fall to $14 before returning near its peak. These intraday swings are massive, even by crypto standards.
Such movement doesn’t necessarily mean a reversal is imminent – but it does show a shift in market behavior. Where earlier price action was more directional, recent volatility suggests growing indecision, profit-taking, or speculative repositioning.
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Cautious Sentiment Grows
Despite the continued rise, skepticism has increased across the market. Ongoing concerns around token unlock timing, suspected short squeezes, and unusually high derivatives volume haven’t faded. New allegations have also surfaced regarding potential airdrop manipulation – accusations MYX Finance has publicly denied.
While no large-scale selloffs have yet been confirmed on-chain, some analysts now point to the price action itself as a signal. The frequent sharp reversals could suggest liquidity is thinning, or that larger holders are gradually rotating out without collapsing the market.
That said, token has pushed back toward its highs after every major dip and still is the strongest-performing asset this month. Whether the rally can continue will likely depend on upcoming developments, liquidity conditions, and whether sentiment holds up as volatility increases.
