MYX token experienced extreme volatility with an 1800% surge followed by a 60% drop after early investor Hack VC cashed out, challenging its value closed loop amid market panic.
MYX token showed dramatic volatility, surging from $0.113 to $2.1 (an 1800% increase) before falling 60% within 24 hours. On August 7, early investor Hack VC withdrew 1.27 million tokens, selling 445,000 at an average of $1.68, which triggered market panic. The incident coincides with historical funding milestones, upcoming TGE details, and the launch of a node staking system that creates a value closed loop by repurchasing tokens.