MYX Finance (MYX) has experienced a dramatic increase of nearly 1,400% in just a week, reaching an all-time high of $18.42, largely driven by a token listing associated with Donald Trump and rising derivatives activity. MYX is a decentralized perpetual exchange utilizing a Matching Pool Mechanism (MPM) that allows for nearly zero slippage. Key factors contributing to the surge include World Liberty Financial’s (WLFI) token listing on September 5, retail FOMO from its top ranking on Binance Alpha, and significant short liquidations totaling $89.51 million. While the trading volume has swelled, raising suspicions of market manipulation, analysts warn that the token might face a substantial correction due to overbought conditions, with predictions of a 70-85% decline possible in the coming weeks. This situation highlights the volatile nature of crypto investments, urging caution among traders.

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