The MYX Token is about to face a significant unlocking event, raising concerns in the market. On September 6th, a total of 63.43 million Tokens will be unlocked in a single day, accounting for approximately 47% of the current Circulating Supply, and this massive unlocking could have a substantial impact on the market.

The supply surge brought about by the unlocking poses a severe challenge for bullish investors. The total unlocking amount has reached 1.6 times the current Circulating Supply, and the market value may experience a significant decline. The price level of $0.478 at its historical peak may be difficult to maintain.

At the same time, short sellers have not been spared from difficulties. The current high funding rate of -2.0% per hour is rapidly consuming the margin of short positions, and even though prices have not yet fallen significantly, short positions are at risk of being forcibly liquidated.

In this situation, the market is caught in a dilemma: bullish investors are worried about the selling pressure after unlocking, while bearish investors suffer from high shorting costs. Some analysts believe that certain market participants may take advantage of the unlocking expectations to manipulate the market, first triggering short squeezes and then significantly lowering prices.

In this complex market environment, investors need to be particularly cautious. Whether bullish or bearish, there are significant risks involved. How the price trend of MYX will evolve in the future and how market participants will respond to this challenge is worth continuous attention.

(Data shows: the current Circulating Supply is 134 million, and the unlock amount in September accounts for 47% of the total supply.)