coin-img-BREVBREV-20.68%coin-img-ETHETH-3.94%coin-img-PEPEPEPE-7.10%coin-img-HYPEHYPE-4.31%coin-img-UNIUNI-7.76%coin-img-BTCBTC-2.52%coin-img-UCNUCN+0.12%coin-img-SOLSOL-2.81%coin-img-BREVBREV-20.68%coin-img-ETHETH-3.94%coin-img-PEPEPEPE-7.10%coin-img-HYPEHYPE-4.31%coin-img-UNIUNI-7.76%coin-img-BTCBTC-2.52%coin-img-UCNUCN+0.12%coin-img-SOLSOL-2.81%coin-img-BREVBREV-20.68%coin-img-ETHETH-3.94%coin-img-PEPEPEPE-7.10%coin-img-HYPEHYPE-4.31%coin-img-UNIUNI-7.76%coin-img-BTCBTC-2.52%coin-img-UCNUCN+0.12%coin-img-SOLSOL-2.81%coin-img-BREVBREV-20.68%coin-img-ETHETH-3.94%coin-img-PEPEPEPE-7.10%coin-img-HYPEHYPE-4.31%coin-img-UNIUNI-7.76%coin-img-BTCBTC-2.52%coin-img-UCNUCN+0.12%coin-img-SOLSOL-2.81%
user-avatar
Olayiwola Dolapo

MYX Finance price jumps 68% as perpetual trading volume soars despite weak revenue

MYX Finance's token climbed 68% in one day, driven largely by a sharp rise in perpetual futures volume and higher open interest. Technical indicators such as Bollinger Bands and Accumulation/Distribution now signal overbought conditions, while on-chain data show protocol revenue of just $5 since the start of January. This disconnect between speculative demand and weak fundamentals raises the risk of a price retracement even after the strong rally.
MYX
MYX+7.16%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.