MYX is a decentralized exchange (DEX) token that enables on-chain perpetual contract trading.

Undoubtedly, the hottest topic in recent days has been MYX Coin. It surged so much that within just the last 24 hours, the liquidation amount from this coin alone reached $100 million.

Why is MYX Token Rising?

Strong trading volume growth, expectations around the upcoming V2 upgrade, and short liquidations have pushed the token price to its highest level in recent months.

First, the presale took place on Binance Alpha on May 6. Users with a minimum Alpha score of 144 received 850 MYX coins as a reward. Those who never sold and held onto them earned around $15,000.

The coin, which launched at $0.04, has just reached $18 — meaning a 450x increase in just 4 months.

However, those who want to trade on futures should be extremely cautious, as this coin is highly volatile. It kept rising as people shorted it, but a correction is naturally very likely — so exercising extra caution is advisable.

If you don’t have a Binance or Binance Futures account, you can register through this link with special benefits. Also, if you are activating Futures for the first time, you can do so using the yuzde10 code.