MYX Finance (MYX) Price Prediction

Deep Dive

1. V2 Upgrade & Adoption (Bullish Impact)

Overview: MYX’s V2 upgrade, expected in late September 2025, promises cross-chain compatibility, portfolio margin support, and enhanced zero-slippage trading. The protocol’s monthly volume already hit $9B+ pre-upgrade, with traders speculating it could rival top DeFi platforms like Hyperliquid.

What this means: Successful delivery could cement MYX as a DeFi derivatives leader, attracting institutional flows. However, delays or underwhelming features might reverse recent 1,127% weekly gains (CoinMarketCap).

2. Token Unlocks & Insider Activity (Bearish Impact)

Overview: A 39M MYX unlock ($59M at current prices) on September 8 preceded a 58% intraday crash. On-chain data shows venture backer Hack VC dumping $2.15M post-unlock, while six wallets funneled 6.72M MYX to Bitget, suggesting coordinated profit-taking (NullTX).

What this means: With 20% of circulating supply unlocked monthly until 2026, recurring sell pressure could suppress prices unless offset by sustained demand.

3. Derivatives Market Dynamics (Mixed Impact)

Overview: MYX’s Binance perpetuals hit $4.97B daily volume, but -2% funding rates signal heavy shorting. Retail FOMO clashes with whale-dominated order books – $7B futures vs. $354M spot volume indicates leveraged speculation (AMBCrypto).

What this means: High leverage amplifies both rallies (e.g., $14.6M liquidations boosted the September 8 surge) and crashes. Monitor open interest shifts and funding rate reversals.

Conclusion

MYX’s price trajectory will likely swing between V2-driven optimism and unlock-induced selloffs. While RSI 98 warns of overextension, the altcoin’s 52 AltSeason Index score suggests room for speculative momentum. Key question: Can MYX’s TVL growth outpace its token supply inflation? Watch the $1.50–$1.80 support zone post-unlock.