MX MX

What MX actually is on-chain

MX is an ERC-20 deployed on Ethereum, at contract address 0x11eef04c884e24d9b7b4760e7476d06ddf797f36. That address, not the ticker MX, is what uniquely identifies this asset: anyone can deploy a second token calling itself MX, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, MX is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in MX itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For MX the project publishes an active account as @MEXC_Official. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where MX sits in the market

#214 places MX in the upper mid-cap band. This is where continuous two-sided quoting stops being guaranteed. MX still prints regularly, but the depth behind each print thins out through the session, and the same order that barely registers in the morning can set the day's high in a quieter hour.

CryptoPingAi is currently streaming 2 live MX order books (MEXC, HTX). That is thinner coverage than a #214 ranking would normally imply — a move on one of these books is close to the whole market for MX, with no deep second venue to arbitrage it back. None of the books we see for MX are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

MX against its all-time high

MX is 73.2% off its $5.85 high (on 2024-04-09). At this depth the arithmetic turns against a recovery narrative: getting back to the record takes 3.73x, not a rebound. The high is better read as the marker of a completed cycle than as a target — most of the holders above spot are underwater by enough that their behaviour on the way up is supply, not demand. That high was set 3 years ago, recently enough that it still anchors how most current holders frame the asset.

MX across its historical range

MX has traded across a 139x range, between $0.0422 and $5.85. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

Spot is about 37.2x above the all-time low of $0.0422 (on 2019-11-24) — a substantial recovery, but one where a meaningful share of the holder base still has a cost basis within the visible range rather than far beneath it.

MX supply structure

Only 22.5% of MX's 409.0 million MX total supply is circulating; 317.2 million — 77.5% of the total — is not yet in the market. A float this narrow means the quoted price is set by a small fraction of the eventual supply, and the unlock schedule, not demand, is the dominant variable in the supply narrative. Thin float also amplifies both directions of any move.

What kind of asset MX is

MX is an exchange-issued token, which makes it a leveraged bet on one company. Its value tends to track that venue's trading volume, its fee-discount and burn mechanics, and — critically — its regulatory standing. Concentration is the defining feature: a single enforcement action against the issuing exchange affects this asset in a way that no market-wide analysis will predict.

CoinGecko files MX under 5 categories, including Exchange-based Tokens, Centralized Exchange (CEX) Token, Ethereum Ecosystem, Morph L2 Ecosystem, Made in China. CoinGecko also records deployments on Ethereum (3,072 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a MX alert that is worth receiving

MX is the ERC-20 at 0x11ee…7f36 on Ethereum — quoted on 2 venues we stream — high dated 2024-04-09 — rank #214. On this profile the condition that carries signal is a two-sided price threshold beyond the recent band plus a 4-hour or daily RSI condition.

Full alert-design method: thresholds, RSI/MACD and volume conditions →