How a trader turned 10 euros into 10,000 euros

From doubling in 48 hours to dry spell

Shortly after his entry on August 5th at just under $0.80, the price of MYX Finance exploded. Just two days later, the price had doubled , but the trader decided not to sell. The profit wasn't enough for him. By August 17th, MYX had even risen to $2 , but he held onto his position.

Then came the disillusionment: The price fell back and was trading around the $1 mark again until September 6. The trader had almost given up hope.

The sudden explosion

But then came the surprise: Suddenly the price exploded again , reaching the $17 mark on September 9th, with a market capitalization of an incredible $2.8 billion. Two days later, it even rose to $19, with a market cap of over $3.7 billion. This briefly catapulted the coin into the top 30 of all cryptocurrencies. Although the trader didn't hit the absolute high, even when he sold at just under $17, he had made a profit of over €10,000 from an investment of just €10 with a leverage of 50. During the holding period, funding payments and trading fees were incurred, which slightly reduced the profit. However, compared to the enormous return of over €10,000, these costs were negligible.

The price is currently trading at just under $10. Whether the project has even greater potential in the future remains unclear.

Fun fact: If he had invested just a few hours earlier, his €10 investment would have turned into €20,000, but luck and timing are often just a few clicks apart in crypto trading.

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Why MYX Finance became his destination of choice

The trader wasn't a random visitor. MYX is an on-chain perpetual DEX project (USDC margin, matching pool mechanics) that gained social momentum in the summer of 2025. He had good reasons for choosing MYX Finance :

Perpetual Mechanism / Matching Pool System : MYX touts a Matching Pool Mechanism (MPM) designed to reduce slippage and enable full liquidity across chains: a technical advantage that can boost confidence in more stable leveraged trades.
Innovative derivatives protocol : MYX Finance was early on considered one of the first on-chain perpetual DEXs , offering USDC margin and leveraged products. This led many traders to expect a market explosion.
Low entry price / small project with potential : In August, MYX was still at around $0.40 and a market capitalization of just over $50 million: a comparatively low valuation at which an exponential price development seemed theoretically possible.
High leverage options : MYX has been traded (or announced) by platforms like MEXC or in the MYX Compendium as a coin with potential for up to 50x leverage . This prospect has attracted risk-averse traders.
Community momentum and media hype : In social media, crypto discussions, and forums, MYX was one of the “hidden gems” with strong interest in early August, which favored a positive price development.

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Why the story is so fascinating

History shows the extremes that make derivatives trading in the crypto market possible:

10 Euro stake → 500 Euro position size (through 50x leverage).
Share price increased by more than 2,000 percent in just five weeks.
Chance to win around 10,000 euros with a minimum stake.

But just as quickly as profits are generated, the entire invested capital can also be lost. Anyone who trades too early or too late will see their margin disappear in seconds. Even a drop to $0.78 would liquidate the trader.

By the way: On September 10th, MEXC reduced the maximum leverage on MYX Finance from 50x to a maximum of 20x.

Conclusion: An exception, not a standard

This trade was a stroke of luck: excellent timing, the right choice of coin, and the courage to trade with high leverage. But it's the exception, not the rule. Most traders lose money when trading derivatives with high leverage.

Nevertheless, such stories demonstrate the fascination of the crypto market: the tension between risk and reward, the adrenaline rush, and the chance to achieve incredible things in a short time.

On MEXC, you can trade MYX Finance and hundreds of other altcoins with up to 50x leverage.

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Personal note: Trading in crypto perpetual futures is highly speculative. Leverage can multiply profits and accelerate losses, even to the point of total loss. Providers outside the EU (e.g., MEXC) have different protection mechanisms than those under ESMA. Make sure you understand how it works and the risks involved, and only invest money you can afford to lose.