Was MYX Finance’s Airdrop Distribution Fair or Manipulated?
The post Was MYX Finance’s Airdrop Distribution Fair or Manipulated? appeared on BitcoinEthereumNews.com. MYX Finance (MYX) has responded to fresh concerns raised by Bubblemaps, which alleged that the platform had likely carried out the ‘biggest airdrop Sybil in history.’ The decentralized perpetual exchange released a statement stressing its commitment to fairness and openness. It also addressed questions surrounding wallet activity and participation patterns tied to the token distribution. Sponsored Sponsored MYX Finance Faces Heat Over Airdrop Manipulation Claims MYX Finance has been making headlines recently, thanks to its native token MYX’s price rally. In fact, Google Trends data showed that the search interest for ‘MYX Finance’ spiked to the maximum score of 100 yesterday, signalling increased public attention. It has eased to 70 at press time. Retail Interest in MYX Finance. Source: Google Trends The surge in interest has also been accompanied by mounting criticism. Market watchers have raised concerns about MYX’s rapid rise. Some have accused the platform of manipulation, and others have predicted its crash, similar to what happened with MANTRA (OM). Sponsored Sponsored Now, in a detailed thread on X (formerly Twitter), Bubblemaps, a blockchain analytics platform, has flagged suspicious activity linked to the token airdrop. “Everyone is talking about MYX hitting a $17 billion FDV. A 20x in under 48 hours. But we spotted something unusual. Something no one is mentioning,” the platform wrote. For context, the MYX token was launched in early May through Binance Wallet’s 15th Exclusive Token Generation Event (TGE). Bubblemaps revealed that nearly 100 wallets were funded via cryptocurrency exchange OKX about a month before the airdrop. According to their report, each address received comparable amounts of BNB within the same transaction window on April 19, around 6:50 AM. These addresses later qualified for the airdrop distribution. They went on to secure roughly 9.8 million MYX — about 1% of the total supply. The platform…
The post Was MYX Finance’s Airdrop Distribution Fair or Manipulated? appeared on BitcoinEthereumNews.com.
MYX Finance (MYX) has responded to fresh concerns raised by Bubblemaps, which alleged that the platform had likely carried out the ‘biggest airdrop Sybil in history.’ The decentralized perpetual exchange released a statement stressing its commitment to fairness and openness. It also addressed questions surrounding wallet activity and participation patterns tied to the token distribution. Sponsored Sponsored MYX Finance Faces Heat Over Airdrop Manipulation Claims MYX Finance has been making headlines recently, thanks to its native token MYX’s price rally. In fact, Google Trends data showed that the search interest for ‘MYX Finance’ spiked to the maximum score of 100 yesterday, signalling increased public attention. It has eased to 70 at press time. Retail Interest in MYX Finance. Source: Google Trends The surge in interest has also been accompanied by mounting criticism. Market watchers have raised concerns about MYX’s rapid rise. Some have accused the platform of manipulation, and others have predicted its crash, similar to what happened with MANTRA (OM). Sponsored Sponsored Now, in a detailed thread on X (formerly Twitter), Bubblemaps, a blockchain analytics platform, has flagged suspicious activity linked to the token airdrop. “Everyone is talking about MYX hitting a $17 billion FDV. A 20x in under 48 hours. But we spotted something unusual. Something no one is mentioning,” the platform wrote. For context, the MYX token was launched in early May through Binance Wallet’s 15th Exclusive Token Generation Event (TGE). Bubblemaps revealed that nearly 100 wallets were funded via cryptocurrency exchange OKX about a month before the airdrop. According to their report, each address received comparable amounts of BNB within the same transaction window on April 19, around 6:50 AM. These addresses later qualified for the airdrop distribution. They went on to secure roughly 9.8 million MYX — about 1% of the total supply. The platform…
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