MYX We’ve been tracking this coin for a long time. It has kept hovering around 0.08u: when the overall market rises, it doesn’t; when the market falls, it follows down. This is the biggest problem.

We previously analyzed that a large wallet has been moving liquidity out continuously. After the V2 upgrade, the price still didn’t give it credit—and both issues remain unchanged to this day.
But today we found an even more deadly piece of data. For a period of time, this protocol’s market cap had already risen to several hundred million, yet its daily fee revenue was only $164—yes, $164.
A market cap of several hundred million and revenue of just a hundred-plus dollars: this gap shows one thing—people buying this coin are buying the story, not real business.
Without real revenue to support its market cap, it will eventually revert to its proper level.
Now at 0.08u, it previously hit an all-time high of 19u, and there’s still a large amount of supply locked up that hasn’t come out yet. Every unlocking batch creates fresh sell pressure.
We haven’t changed our judgment on this coin, and we won’t now either#MYX $MYX