MYX, the native cryptocurrency of MYX Finance, has surged by a whopping 1240% on the weekly chart, hitting a new all-time high of $17.94 earlier today. On September 9, its market cap surged to $3.35 billion, hitting a massive gain from under $200 million, a week before. MYX, is the native cryptocurrency of non-custodial derivatives exchange, MYX Finance, which has been in the limelight recently. What’s Behind the MYX Finance Price Rally? In the beginning of September, MYX cryptocurrency was virtually u ...

Traders speculating on MYX Finance's native token (MYX) were in for a rude awakening this week, with more than $40 million being liquidated over the past 24 hours as the shadowy project continued its surge from $0.10 to $16 over the past 60 days. Crypto analyst Skew wrote on X that MYX "traded pretty normally between $2 & $4" 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 ...