Businessmen who think of MYX Finance’s native token (MYX) is for a rude waking this week, with more than just $ 40 million liquid Over the past 24 hours as the shadow project continued its progress from $ 0.10 to $ 16 over the past 60 days.
Crypto analyst skew Write to x MYX “exchanged normally between $ 2 and $ 4” but things began to get dumb -Dudang during a targeted short squeeze that sent the token from $ 4 to $ 8.
“It is clear that after the transfer of some liquidity or market manufacturer has obtained a massive conduct, especially with the many prevention that has occurred,” they added.
MYX Finance is a decentralized exchange with only $ 55 million in total amount locked (TVL) and $ 5 million in open interest, dwarfed by the likes of hyperliquid with $ 712 million and $ 12.8 billion respectively.
Despite the main difference -Irs, MYX has a fully melted value of $ 17.7 billion, talking to the hype market cap of $ 17.5 billion. Noticeable that more than 80% of MYX supply is currently locked, with 197 million tokens circulating Many merchants Taught in x.
The rapid emergence of MYX has seen it becomes the 36th largest cryptocurrency of the market cap.
