Key Takeaways: MYX Finance price has surged dramatically, raising concerns about insider-driven growth. Bubblemaps researchers linked around 100 wallets to unusual funding and airdrop claims before launch. MYX Finance responded to the accusations, but many in the community found the explanation unconvincing. Despite rising trading volumes, MYX Finance revenue remains low — less than $0.5M monthly. Analysts suggest the rally looks more like speculation than organic demand in the current market. S ...

MYX Finance, the decentralized derivatives platform, has denied recent allegations of fraud and manipulation with the MYX token airdrop. The exchange has been in the spotlight after its native cryptocurrency MYX gained 1200% in the last two days. Some analysts have warned of a possible rug pull, citing several red flags in the project. MYX Finance Faces Airdrop Fraud Allegations The surge in the popularity of MYX Finance over the past week comes with its own share of criticism. Blockchain analytics pl ...