#MYX

#Allegations

#response

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🚀 MYX Finance – Use Case

💱 Decentralized perpetual exchange (DEX) on Arbitrum & Base

📊 Supports leverage trading

🌊 Liquidity providers (LPs) earn fees & rewards

🎁 Big airdrops to grow community

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⚠️ Allegations / Controversy

🕵️ Sybil Airdrop Exploit → ~100 wallets claimed $170M

🔗 Some wallets allegedly tied to founder addresses

📈 Price Pump → $3–$5+ sparked dump fears

♻️ Suspicions of wash-trading / manipulation

💣 Traders expected an insider dump on retail liquidity

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🛡️ MYX Finance Response

🙅 Denied fraud → says rewards based on real trading & LP activity

🧩 Claimed “Cambrian” campaign had anti-Sybil filters

🔄 Admitted address changes pre-launch → called it flexibility

🔮 Promised stronger Sybil protections in future campaigns

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🌊 Liquidity Pool Effect

🏦 Enormous liquidity made dumping harder without hurting price

🧠 Holders realized selling low = hurting themselves

🔒 Instead of panic → they held stronger

🚀 Pool depth created a price floor & stability

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🎯 Outcome

🔥 Fears of dump actually made loyal holders more resilient

💪 Community confidence rose → less short-term dumping

🏆 Result: Stronger holder base + reinforced price support

$MYX

MYX

Alpha

0.38264

-2.01%