MYX Finance Price Skyrockets 78% in 72 Hours, Then Plummets 27%—Who’s Cashing Out?
A three-day parabolic surge just met a brutal reality check. MYX Finance's token ripped higher by a staggering seventy-eight percent, only to surrender more than a quarter of its value in the ensuing sell-off. The classic crypto pump-and-dump playbook is in full swing, leaving retail traders holding the bag while the smart money exits stage left.
The Anatomy of a Pump
Liquidity floods in, social media buzz hits a fever pitch, and the charts print nothing but green. For a brief, glorious window, MYX Finance looked unstoppable. The rally wasn't just strong; it was vertical, the kind of move that turns cautious investors into degenerate gamblers overnight. Every dip was bought, every skeptic was silenced—until they weren't.
The Inevitable Gravity Check
Then, the floor fell out. A twenty-seven percent nosedive cut through bullish sentiment like a hot knife. This isn't profit-taking; it's a coordinated exodus. The volume tells the real story: massive sell orders hitting the books, likely from early backers or venture funds whose unlock schedules are a better market indicator than any technical analysis. Remember, in crypto, 'fundamentals' often just means 'who hasn't sold yet.'
Who's Really Selling?
Follow the money. It's rarely the diamond-handed retail crowd triggering these cascades. Look instead to the venture capital wallets, the protocol's treasury, and the market makers rebalancing their books. They got in at valuations that make current prices look like a lottery win, even after the drop. Their exit strategy isn't a secret—it's written in the smart contract code everyone pretends to read.
Another day, another token proving that the only thing faster than crypto gains are crypto losses. The real 'finance' in DeFi sometimes just means transferring wealth from the impatient to the pre-funded. As the dust settles, the chart paints a familiar picture: a magnificent spike followed by the long, slow bleed of redistribution. The game continues; just make sure you know if you're the player or the chip.
Since the start of the month, the crypto markets have been up with a significant margin. Ahead of Bitcoin and Ethereum, the xrp price surprised with a double-digit rise and flipped BNB to become the 4th largest crypto. On the other hand, the memecoins like DOGE & PEPE are also gaining strength. Amid the brewing bullish scenario, the MYX Finance (MYX) price surged close to 80%, but with the rise of bearish influence, the token has been sliced by nearly 30%. Now the question arises, who is selling MYX Finance crypto?
Price Action Breakdown: What Happened and Who Is Selling
MYX Finance has undergone a sharp momentum reversal after a strong New Year rally. Since January 1, 2026, MYX surged nearly 78%, climbing from the $2.20–$2.30 range to a local high NEAR $3.90–$4.00, supported by expanding volume and momentum-driven entries. This move was largely fueled by short-term traders chasing consecutive resistance breaks.
However, price failed to hold above the $3.85–$4.00 resistance zone, where selling pressure emerged. Rejection wicks on intraday charts signalled that early buyers were distributing into strength, rather than fresh demand stepping in. Once MYX slipped below the $3.50–$3.45 support band, downside momentum accelerated.
The token dropped over 27% intraday, driven by a combination of profit-taking, stop-loss triggers, and Leveraged long closures. Importantly, volume stayed elevated during the decline, suggesting controlled exits by short-term traders, not panic selling from long-term holders.
What’s Next for the MYX Price Rally?
The MYX Finance price had remained largely non-volatile for a pretty long time, which at the start of the year attracted massive buying interest. The price printed massive bullish candles to reach $7 from the lows around $3.80 to $4. Currently, the selling volume has also spiked to a large extent, raising concerns over the next price action.
The short-term price action suggests an increased MYX price, as the buying volume is almost similar to the selling volume. This suggests the traders have booked the profit, and this may unfortunately keep up the bearish trend. The stochastic RSI is depleting, while the short-term MACD shows a pause in the rising buying pressure. Moreover, the levels are heading for a bearish crossover that may further drag the levels lower. This could compel the price to test the support at $4.61, but a rebound could depend on the strength of the bulls and the volume induced.
Will MYX Finance Reach $10?
A move to $10 for MYX Finance is possible but not imminent. After a 78% rally and a sharp 27% pullback, it has shifted into a cooling phase, not a continuation move. For $10 to come into play, the MYX price must first reclaim and hold above the $4.00–$4.50 zone with steady volume and follow-through. In the near term, consolidation is more likely than a straight push higher. A $10 target WOULD require multiple confirmed breakout phases and supportive market conditions.
