MYX Finance (MYX) Price Prediction

Deep Dive

1. V2 Protocol Upgrade (Bullish Impact)

Overview:
MYX Finance’s V2 upgrade, expected by late September 2025, introduces zero-slippage trading, cross-chain interoperability, and portfolio margin features. The upgrade aims to challenge rivals like Hyperliquid, which processes $12.8B daily volume vs. MYX’s $5B (Bitget Academy).

What this means:
Successful implementation could attract institutional traders seeking CEX-like efficiency on-chain. Historical precedent shows similar upgrades (e.g., dYdX v4) drove 50-100% price rallies pre-launch. However, delays or technical issues might reverse gains.

2. Token Unlocks & Whale Activity (Bearish Impact)

Overview:
39M MYX ($59M at $12.58) will unlock in September 2025, representing 20% of circulating supply. Hack VC previously dumped $2.15M MYX within hours of an August 2025 unlock, triggering a 58% crash (NullTX).

What this means:
Concentrated sell pressure from early investors could overwhelm buy-side liquidity. The token’s 15795% 90-day gain leaves it vulnerable to profit-taking, especially with RSI at 78 (overbought).

3. Derivatives Market Dynamics (Mixed Impact)

Overview:
MYX’s $335M daily volume includes $1.39B in derivatives activity. Funding rates remain positive (+0.0054%), but open interest dropped 6.5% in 24 hours (CoinMarketCap).

What this means:
High leverage (50x on MYX) amplifies volatility—$53M in short liquidations fueled September’s rally. However, declining open interest suggests traders are hedging against potential downside post-unlock.

Conclusion

MYX’s price will likely swing between upgrade-driven optimism and unlock-related sell pressure. Short-term traders should monitor the $12.11 Fibonacci support and V2 rollout timeline. Long-term viability depends on whether MYX can convert speculative hype into sustained protocol usage.

Will MYX’s TVL grow beyond $55M to justify its $2.5B valuation post-unlock?