List of Flash News about MYX price impact
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2025-08-05 12:01 |
MYX Token Monthly Unlock: 3.9% Supply Unlock Worth $59.4M May Impact MYX Price and Trading Volume
According to @ai_9684xtpa, MYX will undergo a monthly unlock of 3.9% of its total supply tomorrow, releasing 38.99 million MYX tokens. Before the recent price surge, these tokens were valued at $3.9 million, but their current worth has jumped to $59.42 million. This significant increase in unlocked token value raises potential volatility and profit-taking pressure for MYX traders. The source notes that if stakeholders hedged during the rally, they could now face substantial losses. Additionally, there is speculation from the source that the price rally may be linked to the unlock event, as liquidity providers often seek to exit during bullish momentum. Active traders should closely monitor MYX price action and volume for signs of increased selling pressure following the unlock (source: @ai_9684xtpa). |