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More Than $40M Liquidated as Market Makers Suffer Shattering MYX Short Squeeze
Yahoo Finance·2025-09-09 23:40

Traders speculating on MYX Finance's native token (MYX) were in for a rude awakening this week, with more than 40millionbeingliquidatedoverthepast24hoursastheshadowyprojectcontinueditssurgefrom40 million being liquidated over the past 24 hours as the shadowy project continued its surge from 0.10 to 16overthepast60days.CryptoanalystSkewwroteonXthatMYX"tradedprettynormallybetween16 over the past 60 days. Crypto analyst Skew wrote on X that MYX "traded pretty normally between 2 & 4"butthingsbegantogetquestionableduringatargetedshortsqueezethatsentthetokenfrom4" but things began to get questionable during a targeted short squeeze that sent the token from 4 to $8. "Clearly in the aftermath of that move some liquidity provider or market make ...