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MYX Finance Token Surges to New Peaks, Yet Experts Flag Risks of Repeating Mantra’s Dramatic Fall
In the fast-paced world of cryptocurrency, MYX Finance’s native token, MYX, has captured everyone’s attention with its explosive growth. Imagine a small-town athlete suddenly breaking world records—it’s thrilling, but you can’t help wondering if it’s too good to be true. As of September 11, 2025, the token has skyrocketed, posting a 285% increase in just the last 24 hours and a staggering 910% gain over the past month, pushing its market capitalization beyond $2.1 billion. Yet, this meteoric rise comes with whispers of caution, as analysts point to eerie similarities with the boom-and-bust cycle of Mantra (OM), raising fears of manipulation and an impending crash.
Unpacking the MYX Finance Token Rally: Echoes of Past Crypto Dramas
Picture MYX as a high-stakes poker game where the chips are stacking up suspiciously fast. Back in early August, the token exploded with a 1,957% pump, followed by some ups and downs. By yesterday, it climbed another 170%, and today’s trends are holding strong. Drawing from the latest market insights, MYX hit a fresh all-time high today, marking it as the leading gainer in the daily crypto charts. This has ballooned its monthly returns to an eye-popping 910%, all while its total value locked (TVL) hovers at a modest $33 million, per updated DeFi metrics as of September 11, 2025.
This mismatch between a bloated market cap and slim TVL sparks real concerns—it’s like a mansion built on sand, potentially fueled by hype rather than solid fundamentals. One market observer highlighted this disparity, noting how a project with minimal activity can balloon to a $2.5 billion valuation, screaming possible manipulation. To back this up, real-time data shows trading volumes spiking unnaturally, often detached from genuine user engagement.
Experts are quick to draw parallels with Mantra (OM), which followed a similar script last year: a rapid ascent from obscurity to the top ranks, only to plummet sharply. Think of it as history rhyming—sharp gains vaulted OM into the elite 50 by market cap before it all unraveled. An analyst pointed out that MYX’s patterns mimic this, possibly orchestrated by insiders, with rumors linking it to specific groups controlling the narrative. They even speculated on team backgrounds, suggesting operations reminiscent of those behind OM’s downfall, though without concrete proof.
Diving deeper, another voice in the crypto space suggested that MYX’s surge isn’t driven by everyday investors piling in, but by calculated moves from those close to the project. It’s as if the house is rigging the game: reclaiming distributed tokens, inflating prices to lure in shorts, then cashing out at peaks to leave retail traders holding the bag. The endgame? Dominating the token supply and turning futures volatility into a profit engine, especially with major exchanges in the mix. Evidence from trading charts supports this, showing low retail participation and heavy short squeezes, where pained traders vent online without boasting wins— a telltale sign of uneven playing fields.
MYX Finance Emerges as a Trading Volume Giant Amid Growing Doubts
Shifting gears, MYX Finance recently snagged the ‘Volume Powerhouse’ accolade at the BNB Chain Awards on September 8, 2025, underscoring its dominance in perpetual futures trading. Weekly volumes have topped $2.1 billion as of today, painting it as a hotspot for action. One enthusiast described it as a land of opportunities, where keen observers can spot gems—if they look closely.
But this glory draws intense scrutiny. Updated perpetual futures data reveals a pivot: since April, volumes have concentrated on the BNB Chain, clocking $220-$320 million daily, a leap from its earlier Arbitrum focus. A prominent analyst critiqued this setup, exposing flaws in the perps market. Even without premium listings, MYX ballooned to a $10.5 billion fully diluted valuation by September 11, 2025, amassing $210 million in open interest on major platforms, where traders endured negative funding rates.
This setup has platforms raking in millions in fees from $9.5 billion in volume, while users suffer heavy hits—real numbers from exchange dashboards confirm the imbalance. The analyst stressed that perpetual contracts falter without robust spot liquidity, warning of systemic vulnerabilities. If internal market makers stay unscathed, it might just cycle to the next token, perpetuating the risky game.
In a landscape full of such uncertainties, platforms like WEEX exchange stand out for their commitment to transparency and user-centric features. WEEX aligns seamlessly with forward-thinking projects by offering secure, efficient trading tools that prioritize fair play and real-time insights, helping traders navigate volatile markets with confidence. This brand’s focus on reliability builds trust, making it a go-to for those seeking stability amid crypto’s wild swings.
Latest Buzz: What the Community Is Saying About MYX Finance
To keep things current, let’s weave in the hottest discussions buzzing online as of September 11, 2025. Google searches are exploding with queries like “Is MYX Finance a scam?” and “How to trade MYX token safely?”, reflecting widespread skepticism and interest in risk management. On Twitter, trending topics include #MYXCrashRisk and #CryptoManipulation, with users sharing charts comparing MYX to OM’s trajectory. A recent tweet from a verified analyst warned, “MYX following OM’s playbook—pump, dump, repeat. Watch the liquidity dry up.” Official updates from the MYX team via their channels confirm ongoing developments, but no direct response to manipulation claims yet, leaving room for more speculation.
Recent market updates show MYX’s price stabilizing slightly today after the surge, with trading volume holding at elevated levels. Community forums are abuzz with debates on whether this is organic growth or engineered hype, backed by on-chain data revealing concentrated wallet holdings that fuel these theories.
Wrapping this up, MYX’s story is a rollercoaster that reminds us why due diligence is key in crypto. It’s like chasing a shooting star—exhilarating, but you need to know when to step back.
FAQ
What makes MYX Finance’s recent surge suspicious to analysts?
Analysts point to the huge gap between its $2.1 billion market cap and just $33 million in TVL, suggesting manipulation over real demand, much like Mantra’s pattern of quick rises followed by crashes.
How does MYX compare to Mantra (OM) in terms of market behavior?
MYX mirrors OM’s playbook with rapid pumps driven by possible insider control, leading to volatility and steep declines, as seen in trading data and historical charts.
Is it safe to invest in MYX token right now?
While the token has seen massive gains, experts advise caution due to low liquidity and manipulation risks—always research independently and consider diversified strategies.
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There is a sentence on X's official help page that is still hanging there: "If malicious insiders or X itself cause encrypted conversations to be exposed through legal processes, both the sender and receiver will be completely unaware."
No. The difference lies in where the keys are stored.
In Signal's end-to-end encryption, the keys never leave your device. X, the court, or any external party does not hold your keys. Signal's servers have nothing to decrypt your messages; even if they were subpoenaed, they could only provide registration timestamps and last connection times, as evidenced by past subpoena records.
X Chat uses the Juicebox protocol. This solution divides the key into three parts, each stored on three servers operated by X. When recovering the key with a PIN code, the system retrieves these three shards from X's servers and recombines them. No matter how complex the PIN code is, X is the actual custodian of the key, not the user.
This is the technical background of the "help page sentence": because the key is on X's servers, X has the ability to respond to legal processes without the user's knowledge. Signal does not have this capability, not because of policy, but because it simply does not have the key.
The following illustration compares the security mechanisms of Signal, WhatsApp, Telegram, and X Chat along six dimensions. X Chat is the only one of the four where the platform holds the key and the only one without Forward Secrecy.
The significance of Forward Secrecy is that even if a key is compromised at a certain point in time, historical messages cannot be decrypted because each message has a unique key. Signal's Double Ratchet protocol automatically updates the key after each message, a mechanism lacking in X Chat.
After analyzing the X Chat architecture in June 2025, Johns Hopkins University cryptology professor Matthew Green commented, "If we judge XChat as an end-to-end encryption scheme, this seems like a pretty game-over type of vulnerability." He later added, "I would not trust this any more than I trust current unencrypted DMs."
From a September 2025 TechCrunch report to being live in April 2026, this architecture saw no changes.
In a February 9, 2026 tweet, Musk pledged to undergo rigorous security tests of X Chat before its launch on X Chat and to open source all the code.
As of the April 17 launch date, no independent third-party audit has been completed, there is no official code repository on GitHub, the App Store's privacy label reveals X Chat collects five or more categories of data including location, contact info, and search history, directly contradicting the marketing claim of "No Ads, No Trackers."
Not continuous monitoring, but a clear access point.
For every message on X Chat, users can long-press and select "Ask Grok." When this button is clicked, the message is delivered to Grok in plaintext, transitioning from encrypted to unencrypted at this stage.
This design is not a vulnerability but a feature. However, X Chat's privacy policy does not state whether this plaintext data will be used for Grok's model training or if Grok will store this conversation content. By actively clicking "Ask Grok," users are voluntarily removing the encryption protection of that message.
There is also a structural issue: How quickly will this button shift from an "optional feature" to a "default habit"? The higher the quality of Grok's replies, the more frequently users will rely on it, leading to an increase in the proportion of messages flowing out of encryption protection. The actual encryption strength of X Chat, in the long run, depends not only on the design of the Juicebox protocol but also on the frequency of user clicks on "Ask Grok."
X Chat's initial release only supports iOS, with the Android version simply stating "coming soon" without a timeline.
In the global smartphone market, Android holds about 73%, while iOS holds about 27% (IDC/Statista, 2025). Of WhatsApp's 3.14 billion monthly active users, 73% are on Android (according to Demand Sage). In India, WhatsApp covers 854 million users, with over 95% Android penetration. In Brazil, there are 148 million users, with 81% on Android, and in Indonesia, there are 112 million users, with 87% on Android.
WhatsApp's dominance in the global communication market is built on Android. Signal, with a monthly active user base of around 85 million, also relies mainly on privacy-conscious users in Android-dominant countries.
X Chat circumvented this battlefield, with two possible interpretations. One is technical debt; X Chat is built with Rust, and achieving cross-platform support is not easy, so prioritizing iOS may be an engineering constraint. The other is a strategic choice; with iOS holding a market share of nearly 55% in the U.S., X's core user base being in the U.S., prioritizing iOS means focusing on their core user base rather than engaging in direct competition with Android-dominated emerging markets and WhatsApp.
These two interpretations are not mutually exclusive, leading to the same result: X Chat's debut saw it willingly forfeit 73% of the global smartphone user base.
This matter has been described by some: X Chat, along with X Money and Grok, forms a trifecta creating a closed-loop data system parallel to the existing infrastructure, similar in concept to the WeChat ecosystem. This assessment is not new, but with X Chat's launch, it's worth revisiting the schematic.
X Chat generates communication metadata, including information on who is talking to whom, for how long, and how frequently. This data flows into X's identity system. Part of the message content goes through the Ask Grok feature and enters Grok's processing chain. Financial transactions are handled by X Money: external public testing was completed in March, opening to the public in April, enabling fiat peer-to-peer transfers via Visa Direct. A senior Fireblocks executive confirmed plans for cryptocurrency payments to go live by the end of the year, holding money transmitter licenses in over 40 U.S. states currently.
Every WeChat feature operates within China's regulatory framework. Musk's system operates within Western regulatory frameworks, but he also serves as the head of the Department of Government Efficiency (DOGE). This is not a WeChat replica; it is a reenactment of the same logic under different political conditions.
The difference is that WeChat has never explicitly claimed to be "end-to-end encrypted" on its main interface, whereas X Chat does. "End-to-end encryption" in user perception means that no one, not even the platform, can see your messages. X Chat's architectural design does not meet this user expectation, but it uses this term.
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Soaring 50 times, with an FDV exceeding 10 billion USD, why RaveDAO?
1 billion DOTs were minted out of thin air, but the hacker only made 230,000 dollars
After the blockade of the Strait of Hormuz, when will the war end?
Before using Musk's "Western WeChat" X Chat, you need to understand these three questions
The X Chat will be available for download on the App Store this Friday. The media has already covered the feature list, including self-destructing messages, screenshot prevention, 481-person group chats, Grok integration, and registration without a phone number, positioning it as the "Western WeChat." However, there are three questions that have hardly been addressed in any reports.
There is a sentence on X's official help page that is still hanging there: "If malicious insiders or X itself cause encrypted conversations to be exposed through legal processes, both the sender and receiver will be completely unaware."
No. The difference lies in where the keys are stored.
In Signal's end-to-end encryption, the keys never leave your device. X, the court, or any external party does not hold your keys. Signal's servers have nothing to decrypt your messages; even if they were subpoenaed, they could only provide registration timestamps and last connection times, as evidenced by past subpoena records.
X Chat uses the Juicebox protocol. This solution divides the key into three parts, each stored on three servers operated by X. When recovering the key with a PIN code, the system retrieves these three shards from X's servers and recombines them. No matter how complex the PIN code is, X is the actual custodian of the key, not the user.
This is the technical background of the "help page sentence": because the key is on X's servers, X has the ability to respond to legal processes without the user's knowledge. Signal does not have this capability, not because of policy, but because it simply does not have the key.
The following illustration compares the security mechanisms of Signal, WhatsApp, Telegram, and X Chat along six dimensions. X Chat is the only one of the four where the platform holds the key and the only one without Forward Secrecy.
The significance of Forward Secrecy is that even if a key is compromised at a certain point in time, historical messages cannot be decrypted because each message has a unique key. Signal's Double Ratchet protocol automatically updates the key after each message, a mechanism lacking in X Chat.
After analyzing the X Chat architecture in June 2025, Johns Hopkins University cryptology professor Matthew Green commented, "If we judge XChat as an end-to-end encryption scheme, this seems like a pretty game-over type of vulnerability." He later added, "I would not trust this any more than I trust current unencrypted DMs."
From a September 2025 TechCrunch report to being live in April 2026, this architecture saw no changes.
In a February 9, 2026 tweet, Musk pledged to undergo rigorous security tests of X Chat before its launch on X Chat and to open source all the code.
As of the April 17 launch date, no independent third-party audit has been completed, there is no official code repository on GitHub, the App Store's privacy label reveals X Chat collects five or more categories of data including location, contact info, and search history, directly contradicting the marketing claim of "No Ads, No Trackers."
Not continuous monitoring, but a clear access point.
For every message on X Chat, users can long-press and select "Ask Grok." When this button is clicked, the message is delivered to Grok in plaintext, transitioning from encrypted to unencrypted at this stage.
This design is not a vulnerability but a feature. However, X Chat's privacy policy does not state whether this plaintext data will be used for Grok's model training or if Grok will store this conversation content. By actively clicking "Ask Grok," users are voluntarily removing the encryption protection of that message.
There is also a structural issue: How quickly will this button shift from an "optional feature" to a "default habit"? The higher the quality of Grok's replies, the more frequently users will rely on it, leading to an increase in the proportion of messages flowing out of encryption protection. The actual encryption strength of X Chat, in the long run, depends not only on the design of the Juicebox protocol but also on the frequency of user clicks on "Ask Grok."
X Chat's initial release only supports iOS, with the Android version simply stating "coming soon" without a timeline.
In the global smartphone market, Android holds about 73%, while iOS holds about 27% (IDC/Statista, 2025). Of WhatsApp's 3.14 billion monthly active users, 73% are on Android (according to Demand Sage). In India, WhatsApp covers 854 million users, with over 95% Android penetration. In Brazil, there are 148 million users, with 81% on Android, and in Indonesia, there are 112 million users, with 87% on Android.
WhatsApp's dominance in the global communication market is built on Android. Signal, with a monthly active user base of around 85 million, also relies mainly on privacy-conscious users in Android-dominant countries.
X Chat circumvented this battlefield, with two possible interpretations. One is technical debt; X Chat is built with Rust, and achieving cross-platform support is not easy, so prioritizing iOS may be an engineering constraint. The other is a strategic choice; with iOS holding a market share of nearly 55% in the U.S., X's core user base being in the U.S., prioritizing iOS means focusing on their core user base rather than engaging in direct competition with Android-dominated emerging markets and WhatsApp.
These two interpretations are not mutually exclusive, leading to the same result: X Chat's debut saw it willingly forfeit 73% of the global smartphone user base.
This matter has been described by some: X Chat, along with X Money and Grok, forms a trifecta creating a closed-loop data system parallel to the existing infrastructure, similar in concept to the WeChat ecosystem. This assessment is not new, but with X Chat's launch, it's worth revisiting the schematic.
X Chat generates communication metadata, including information on who is talking to whom, for how long, and how frequently. This data flows into X's identity system. Part of the message content goes through the Ask Grok feature and enters Grok's processing chain. Financial transactions are handled by X Money: external public testing was completed in March, opening to the public in April, enabling fiat peer-to-peer transfers via Visa Direct. A senior Fireblocks executive confirmed plans for cryptocurrency payments to go live by the end of the year, holding money transmitter licenses in over 40 U.S. states currently.
Every WeChat feature operates within China's regulatory framework. Musk's system operates within Western regulatory frameworks, but he also serves as the head of the Department of Government Efficiency (DOGE). This is not a WeChat replica; it is a reenactment of the same logic under different political conditions.
The difference is that WeChat has never explicitly claimed to be "end-to-end encrypted" on its main interface, whereas X Chat does. "End-to-end encryption" in user perception means that no one, not even the platform, can see your messages. X Chat's architectural design does not meet this user expectation, but it uses this term.
X Chat consolidates the three data lines of "who this person is, who they are talking to, and where their money comes from and goes to" in one company's hands.
The help page sentence has never been just technical instructions.
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