Monat: September 2025

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Myx Finance (MYX) price continues to rise despite insider manipulation fears

  • Myx Finance (MYX) hits $4.20 after a 160% daily surge with record trading volumes.
  • Analysts have flagged token unlocks and whale-driven short squeezes as red flags.
  • The Myx Finance V2 upgrade hype and new exchange listings are fueling the bullish market sentiment.

The price of Myx Finance’s native token, MYX, has surged to fresh highs, making it one of today’s top gainers in the crypto market.

The price surge comes as excitement builds around the platform’s forthcoming protocol upgrade, even as traders and analysts voice growing concerns about insider activity and manipulation.

Myx Finance token price hits new ATH

MYX climbed as high as $4.20 on September 8, marking a new all-time high and cementing its place among the day’s top gainers.

MYX Finance price chart

The rally has been extraordinary in scale, with the token jumping more than 160% in the past 24 hours and over 260% during the last week.

Notably, the token’s market capitalisation has risen above $520 million, while fully diluted valuation now exceeds $4 billion.

The trading activity behind the rally has also been notable.

In a single day, MYX registered more than $328 million in trading volume, a sharp increase compared to earlier in the month.

The derivatives market has been even more heated, with perpetual futures volumes reported at more than $4 billion and open interest more than doubling, according to data from Coinglass.

MYX fiannce futures open interest

Together, these numbers point to speculative traders piling in, pushing leverage and volatility higher.

Hype builds around Myx Finance’s V2 upgrade

Part of the optimism stems from the upcoming launch of Myx Finance’s V2 upgrade.

The new version promises features such as zero-slippage trading, cross-chain support, and a more seamless user experience.

Supporters argue these improvements could make MYX a stronger rival to established decentralised exchanges.

Interestingly, the upgrade hype has coincided with fresh listings on larger exchanges, including Binance Alpha, which has boosted liquidity and widened access to the token.

Reports of institutional wallets accumulating MYX ahead of the update have further fueled confidence.

This combination of technical improvements and stronger market access has helped sustain bullish momentum, even as critics warn that the price is running ahead of fundamentals.

Concerns over insider activity

As the MYX token continues to rise, questions have arisen about the sustainability of the rally as several developments cause concerns.

One of the issues under scrutiny is the timing of the recent 39 million token unlock that coincided almost perfectly with the price surge, raising questions about whether early holders were using the retail rush to offload holdings.

In addition, several analysts have flagged red flags that point to manipulation.

Commentators such as Dominic, a well-followed Web3 analyst, argue that whales deliberately triggered short squeezes to push the price higher and liquidate leveraged positions.

In support of the concerns raised by Dominic, Coinglass’ liquidations data shows that more than $13.77 million worth of shorts were wiped out in a single day, creating forced buying pressure that exaggerated the rally.

On-chain data has also shown coordinated buying across exchanges, with multiple small trades funnelled into central wallets — a pattern consistent with wash trading.

Notably, the current occurrences mirror earlier episodes in the project’s history.

In August, MYX gained nearly 2,000% before crashing more than 60% in the weeks that followed; a pattern reminiscent of the collapse of Mantra earlier this year, when suspected insider activity triggered a sudden 90% crash in a single hour, erasing billions in value.

MYX Finance price outlook

Despite these warnings, not all data points to an imminent collapse.

Some monitoring groups have noted that whales have not yet engaged in large-scale sell-offs, suggesting they may be content to hold their positions for now.

This has lessened immediate concerns of a mass exodus, although the risk remains high.

However, for retail traders, the split in market opinion creates uncertainty.

On one hand, MYX has real momentum, with an upgrade that could expand its utility and strengthen its position in decentralised finance.

On the other hand, the heavy reliance on leveraged trading, the suspicious timing of token unlocks, and the echoes of past pump-and-dump activity mean the asset carries significant risks.

Whether the MYX price surge proves to be a sustainable breakout or a prelude to another steep correction will likely depend on how much of the current momentum is driven by genuine demand — and how much by insiders looking for an exit.

The post Myx Finance (MYX) price continues to rise despite insider manipulation fears appeared first on CoinJournal.

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Metaplanet buys 136 BTC, total holding reaches 20,136

  • CEO Simon Gerovich said in a post on X that the purchase was made at an average price of roughly $111,666 per Bitcoin.
  • Bitcoin steadied near $111,300 on Monday after gaining nearly 3% last week.
  • The new acquisition brought Metaplanet’s total holdings to 20,136 BTC.

Japanese Bitcoin treasury firm Metaplanet announced Monday that it purchased an additional 136 BTC for about $15.2 million, as it continues to build its cryptocurrency reserves.

CEO Simon Gerovich said in a post on X that the purchase was made at an average price of roughly $111,666 per Bitcoin.

The new acquisition brought Metaplanet’s total holdings to 20,136 BTC, acquired at approximately $2.08 billion based on the company’s cumulative purchase price of $103,196 per bitcoin.

According to BitcoinTreasuries data, Metaplanet now ranks sixth globally among publicly traded companies with Bitcoin reserves, behind Strategy, Mara, XXI, Bitcoin Standard Treasury Company, and Bullish.

Michael Saylor’s Strategy remains the largest corporate holder, with 636,505 BTC.

Shares of Metaplanet dipped following the announcement. The stock slipped 1.2% around midday Monday in Japan, while US-traded shares closed down 1.6% at $4.86 on Friday.

The company’s stock has dropped 30% over the past month but remains up 101% year-to-date.

El Salvador adds Bitcoin on anniversary

In a separate development, El Salvador President Nayib Bukele said Monday that the country acquired an additional 21 BTC to mark “Bitcoin Day,” the anniversary of the law making the cryptocurrency legal tender in September 2021.

The purchase brought El Salvador’s total holdings to 6,313 BTC, according to its Bitcoin Office.

The move comes after a July report from the International Monetary Fund, which stated that El Salvador had not added to its bitcoin reserves since signing a $1.4 billion loan agreement in December 2024 that required it to scale back purchases.

Bitcoin price outlook

Bitcoin steadied near $111,300 on Monday after gaining nearly 3% last week, rebounding from three consecutive weeks of declines.

The price remains below its all-time high of $124,474 but has recovered modestly amid improved risk sentiment in global markets and growing expectations of a Federal Reserve interest rate cut.

Technical indicators show momentum improving.

The Relative Strength Index (RSI) on the daily chart stood at 46 and pointed upward toward its neutral 50 level, signalling that bearish momentum is fading.

If Bitcoin sustains its recovery, analysts see potential for a move toward resistance near $116,000.

Ethereum has been trading in a narrow range between $4,232 and $4,488 over the past nine days.

It was last seen near $4,300 after rebounding from its lower boundary.

A daily close above $4,488 could open the path toward its record high of $4,956 if support at $4,232 continues to hold.

 

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Bitcoin treasury purchase size collapses 86%, data shows

  • Total BTC treasury holdings have hit a record high of 840,000 BTC.
  • However, the average purchase size has collapsed by a staggering 86 percent.
  • This waning demand was the key driver of the Q2 Bitcoin rally.

They were the heroes of the last great rally, the talk of the town at the recent BTC Asia conference, their voracious appetite for Bitcoin single-handedly driving the market to new heights.

But a shadow has fallen over the world of the corporate Bitcoin treasury.

A new report reveals a worrying trend beneath the surface: while their total holdings are larger than ever, their conviction, measured by the size of their buys, has collapsed.

The great contradiction: more players, smaller bets

The on-chain data, laid bare in a new report from CryptoQuant, tells a tale of two conflicting truths.

On one hand, the aggregate Bitcoin treasury holdings have surged to a record 840,000 BTC, a war chest led by the titan Strategy, which holds 637,000 BTC. Transaction activity also remains near record levels, with 46 deals in August alone.

But on the other hand, the average size of these purchases has fallen off a cliff. Strategy bought just 1,200 BTC per transaction in August, while other firms averaged a mere 343 BTC.

Both of these figures are down a staggering 86 percent from their peaks in early 2025. In total, Strategy acquired only 3,700 BTC in August, a whisper compared to the 134,000 BTC it bought at its peak last year.

This is not the behavior of a market brimming with confidence; it is the sign of smaller, more hesitant buys, a clear signal of liquidity constraints or waning conviction.

The ghost of rallies past

This dramatic slowdown is a major concern for investors because it was the relentless engine of treasury accumulation that drove Bitcoin’s spectacular price growth in the second quarter.

As CoinDesk reported at the time, by late August 2025, institutions were absorbing more than 3,100 BTC a day against a mere 450 being mined.

This created a powerful 6-to-1 demand-supply imbalance that sent prices soaring.

Now, that engine is sputtering. This slouching demand raises the critical risk that the market’s current price strength may not be sustainable if the giants of the space continue to nibble cautiously rather than devour at scale.

A new hope? The rise of Asia’s treasury front

But as the Western giants grow hesitant, a new front in the treasury movement is opening in the East.

According to a Bitwise report, 28 new treasury companies were formed in July and August alone, collectively adding over 140,000 BTC to their coffers.

More significantly, Asia is emerging as the next major battleground. Taiwan-based Sora Ventures has launched a massive 1 billion dollar fund specifically to seed new regional treasury firms, with an initial commitment of 200 million dollars.

This new vehicle will pool institutional capital to support a fresh wave of entrants, a different model from the region’s current largest player, Metaplanet.

The stage is now set for a fascinating and pivotal confrontation.

The central question that will define the next phase of Bitcoin adoption—and its price—is whether this new, hungry wave of Asian treasuries can offset the shrinking appetite of the incumbents who first blazed the trail.

Market updates

BTC: Bitcoin remains resilient for now, trading in the 110,000–113,000 dollar range. The price is being supported by broad expectations of Federal Reserve rate cuts and continued, if smaller, institutional inflows via ETFs.

ETH: Ethereum is trading near the 4,300 dollar level. Its recent weakness, marked by a 3.8 percent weekly decline, is being attributed to ETF outflows and the historically subdued trading that characterizes “Red September.”

However, its longer-term outlook remains positive, buoyed by deep institutional interest and growing staking activity.

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