Apex Legends Mythic Skin Tier Apparently Leaked

An Apex Legends leak suggests that Respawn Entertainment is cooking up an even more premium tier of cosmetic offerings than what players have been accustomed to thus far.
Throughout Apex Legends' lifespan up to this point, skins have been sorted out on a scale from Common to Legendary.
For those with "whale accounts" looking to see what's the next best thing to collect, this potential development could surely be a wake-up call.
Skin entry added for "Mythic Level 3 Proxytest" for Bloodhound.
— Shrugtal (@shrugtal) November 2, 2021
Possibly some higher than legendary tier being worked on, evolving skins perhaps?
According to prominent Apex Legends dataminer Shrugtal, it appears a tier more elusive and prestigious than Legendary could soon be making its way into the game for its cosmetics.
With the launch of Season 11 officially here, Shrugtal has been going to work to say the least, giving out early looks and details about leaked skins, from what the next Legend Edition will be, to the Market crossover set to seemingly drop next week.
Among the Storm Point-esque tidal wave of tweets showing off uncovered images of upcoming cosmetics, however, Shrugtal reportedly found a skin entry titled "Mythic Level 3 Proxytest" for Bloodhound.
Now, introducing reactive and new tier labels post-launch isn't something new in battle royales, as seen in Fortnite and Call of Duty: Warzone. However, this would definitely be a first for Apex Legends.
As hinted at by the file not only saying "Mythic," but also "Level 3" as well, it appears respawn might've taken a page out of Riot Games' Valorant playbook as well in working on skins that have different levels of VFX.