I recently came across the MYX project, a new coin that appeared in early May. The story behind it is quite typical—the majority of tokens are about to be unlocked, and the real purpose of this pump is probably just to cash out. This kind of tactic has long been a routine in the altcoin world, with nothing new under the sun.

Interestingly, this coin's market cap has already surged to 7 billion, which is quite substantial. If the whales really start dumping, the bears will definitely be thrilled. When the token unlock wave hits, selling pressure will naturally follow, and whether the price can hold up at that point is uncertain.

In such a situation, retail investors need to be cautious to avoid getting trapped. Taking profits at high points might be a good strategy, as once the unlock cycle begins, the risk becomes imminent.