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#MYS Momentum Drivers & Market Sentiment
A CoinStats report notes an extraordinary ~20x surge in value in August, pushing the market cap above $200M. This explosive rally triggered speculation of potential manipulation, as a large token unlock occurred today—38.99 million tokens, previously worth about $3.9M, now valued at $59M, were released.
The wake of the unlock saw Hack VC—an early investor—offloading 1.28M $MYX (~$2.15M) into the market via two addresses, intensifying volatility.
A CoinStats report notes an extraordinary ~20x surge in value in August, pushing the market cap above $200M. This explosive rally triggered speculation of potential manipulation, as a large token unlock occurred today—38.99 million tokens, previously worth about $3.9M, now valued at $59M, were released.
The wake of the unlock saw Hack VC—an early investor—offloading 1.28M $MYX (~$2.15M) into the market via two addresses, intensifying volatility.
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