According to @bubblemaps, one entity claimed about $170 million of MYX from the airdrop after they traced 100 newly funded addresses with identical on-chain activity, which they allege indicates a coordinated sybil cluster (source: Bubblemaps on X, Sep 9, 2025). For traders, concentrated token control and subsequent exchange inflows from large holders have historically coincided with higher near-term sell pressure and volatility, so monitoring the flagged wallets and exchange inflows is prudent (source: Glassnode Insights, 2021; source: Binance Academy, 2023).

According to Bubblemaps, $MYX reached a $17B FDV after a roughly 20x move in under 48 hours, indicating a rapid repricing in the token, source: Bubblemaps on X. Bubblemaps also stated they spotted something unusual that others are not mentioning, without disclosing details in the post, source: Bubblemaps on X.

According to @gametheorizing on X (Sep 8, 2025), around $200M in open interest on Binance is tied up in $MYX perpetuals paying negative funding while the token trades near a $10B fully diluted valuation and roughly $9B in daily volume. According to @gametheorizing, Binance earned tens of millions in fees from this flow while customers lost more, with similar but smaller dynamics on Bybit. According to @gametheorizing, $MYX lacks Tier 1 or Tier 2 spot listings, indicating thin spot liquidity and making perps structurally unsound when spot markets are shallow. According to @gametheorizing, traders should be cautious of concentrated OI, sustained negative funding, high FDV relative to limited spot depth, and fee drag when engaging in such perp markets.

According to @ai_9684xtpa, Binance futures smart money PnL Top 2 account 苟大鹅 closed a $MYX long at $2.27 on Sep 7, realizing about $30,000 profit after being trapped from an Aug 8 long during the first spike, source: @ai_9684xtpa on X, Sep 8, 2025. According to @ai_9684xtpa, $MYX rose roughly 161% in the past 24 hours, and the trader chose to take profit into strength rather than hold for a potential top, source: @ai_9684xtpa on X, Sep 8, 2025. According to @ai_9684xtpa, the post stresses that catching exact bottoms and tops is extremely difficult, framing the exit as disciplined risk management for short-term crypto trading, source: @ai_9684xtpa on X, Sep 8, 2025.