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TL;DR
A parabolic pump-and-bleed that turned a DEX also-ran into a top-35 coin, vaporised $110 m of shorts in 24 h, then dumped 39 m freshly-unlocked tokens on the FOMO crowd—while the same hands were already short the top. A step-by-step manual in four acts.
0 → $17 in eight weeks
Jun 25: $0.047, 24-h vol < $1 m.
Aug 8: first leg to $2.49.
Sep 8–9: +1 132 % in seven days, daily candle +291 %.
Vol peaks $880 m (spot) – a 71× jump.
RSI (7 d) prints 98.06 – a statistical impossibility without a gun to the market’s head.
MC touches $3.5 bn (#34 on CMC) on <20 % circulating supply.
1. Short-squeeze engine
Sep 8 perpetual open-interest = $1.6 bn (50× max leverage).
$14.6 m liquidated, $11 m from shorts.
Binance had quietly shifted funding to hourly settlements—higher friction for bears.
2. Unlock & dump rehearsal
39 m MYX (3.9 %) unlocked 00:00 UTC Sep 8—first block after the 17 $ wick.
Hack VC wallet moves 835 k MYX straight to MEXC (now worth $21.5 m).
Same pattern in Aug: unlock → −58 % next week.
3. Wash-trade overlay
Perp volume 60–90 bn $ vs spot <1 bn $—a 60× gap impossible without bots.
Identical micro-buys on BitGet, Pancake, Binance within same 50 ms windows (captured by @0xD0M_).
2 300+ dust wallets consolidate into one EOA—classic layering.
Step 1 Corner float
Lock-up leaves only 197 m tokens drifting; insiders control price feed.
Step 2 Spot-ledge → perp nuke
Push spot through key tech level ($3.69) → mark-price races → 50× shorts cascade.
Forced bids become your rocket fuel; you actually reduce buy-pressure mid-squeeze.
Step 3 Market the moon
#MYX trending, CT influencers quote 1 000 % gains, “V2 upgrade” headline copied verbatim.
FOMO inflow supplies exit liquidity before unlock block is even mined.
Step 4 Flip and snipe
Distribute unlocked bag into retail bid wall.
Open fresh shorts while vol still inflated; when support gone, let gravity pay the funding.
Result: longs liquidated on the way down, shorts already bled on the way up → both sides pay you.
Tokenomics that lock 80 % supply + hourly funding + unlock calendar = a loaded gun.
Narrative (V2 upgrade) gives cover, wash-trade gives depth, squeeze gives fireworks, unlock gives exit.
Retail thinks they’re joining a bull run; in reality they’re volatility donors to a pre-scheduled supply dump.
Don’t trade the candle when the fuse is printed in the unlock schedule.
TL;DR
A parabolic pump-and-bleed that turned a DEX also-ran into a top-35 coin, vaporised $110 m of shorts in 24 h, then dumped 39 m freshly-unlocked tokens on the FOMO crowd—while the same hands were already short the top. A step-by-step manual in four acts.
0 → $17 in eight weeks
Jun 25: $0.047, 24-h vol < $1 m.
Aug 8: first leg to $2.49.
Sep 8–9: +1 132 % in seven days, daily candle +291 %.
Vol peaks $880 m (spot) – a 71× jump.
RSI (7 d) prints 98.06 – a statistical impossibility without a gun to the market’s head.
MC touches $3.5 bn (#34 on CMC) on <20 % circulating supply.
1. Short-squeeze engine
Sep 8 perpetual open-interest = $1.6 bn (50× max leverage).
$14.6 m liquidated, $11 m from shorts.
Binance had quietly shifted funding to hourly settlements—higher friction for bears.
2. Unlock & dump rehearsal
39 m MYX (3.9 %) unlocked 00:00 UTC Sep 8—first block after the 17 $ wick.
Hack VC wallet moves 835 k MYX straight to MEXC (now worth $21.5 m).
Same pattern in Aug: unlock → −58 % next week.
3. Wash-trade overlay
Perp volume 60–90 bn $ vs spot <1 bn $—a 60× gap impossible without bots.
Identical micro-buys on BitGet, Pancake, Binance within same 50 ms windows (captured by @0xD0M_).
2 300+ dust wallets consolidate into one EOA—classic layering.
Step 1 Corner float
Lock-up leaves only 197 m tokens drifting; insiders control price feed.
Step 2 Spot-ledge → perp nuke
Push spot through key tech level ($3.69) → mark-price races → 50× shorts cascade.
Forced bids become your rocket fuel; you actually reduce buy-pressure mid-squeeze.
Step 3 Market the moon
#MYX trending, CT influencers quote 1 000 % gains, “V2 upgrade” headline copied verbatim.
FOMO inflow supplies exit liquidity before unlock block is even mined.
Step 4 Flip and snipe
Distribute unlocked bag into retail bid wall.
Open fresh shorts while vol still inflated; when support gone, let gravity pay the funding.
Result: longs liquidated on the way down, shorts already bled on the way up → both sides pay you.
Tokenomics that lock 80 % supply + hourly funding + unlock calendar = a loaded gun.
Narrative (V2 upgrade) gives cover, wash-trade gives depth, squeeze gives fireworks, unlock gives exit.
Retail thinks they’re joining a bull run; in reality they’re volatility donors to a pre-scheduled supply dump.
Don’t trade the candle when the fuse is printed in the unlock schedule.
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