BREAKING: MYX Finance Crashes 20% to $1.57 Amid Broader Selloff
MYX Finance (MYX) has plunged 20.4% to $1.57 in the past 24 hours, marking one of the sharpest declines among top-150 cryptocurrencies today. The decentralized exchange token has shed $76.4 million in market capitalization, bringing its total valuation down to $300.6 million.
The dramatic selloff accelerated in recent hours, with MYX dropping an additional 8.4% in the past 60 minutes alone. The token hit an intraday low of $1.57 after trading as high as $2.10 earlier in the session—a single-day range of 33.8%.
Extended Decline Deepens Losses
Today’s crash extends a brutal week for MYX Finance holders. The token has now plummeted 74.2% over the past seven days and is down 68.6% for the month. Trading volume surged to $21.3 million as investors rushed to exit positions amid the accelerating selloff.
MYX currently sits 91.7% below its all-time high of $19.03, reached on September 11, 2025. The token’s rapid descent from double-digit prices to under $2 represents one of the steepest declines in the DeFi sector over the past quarter.
Market Cap Ranking Holds Despite Losses
Despite the severe price deterioration, MYX Finance maintains its position as the 134th largest cryptocurrency by market capitalization. The project’s circulating supply stands at 190.8 million tokens, representing just 19% of the maximum supply of 1 billion MYX.
The fully diluted valuation—which accounts for all tokens if the entire supply were in circulation—has fallen to $1.58 billion, down from over $2 billion before the latest decline.
What Is MYX Finance?
MYX Finance operates as a decentralized perpetual exchange offering leveraged trading on various cryptocurrency pairs. The platform utilizes a unique liquidity mechanism designed to provide efficient trading with minimal slippage for users.
The project launched its native token in June 2025, when MYX traded near its all-time low of $0.047. The token experienced a meteoric 40,000% rally to its September peak before entering a sustained downtrend.
Market Context
The sharp decline in MYX comes as the broader cryptocurrency market faces renewed volatility. DeFi tokens have been particularly vulnerable to selling pressure in recent weeks as traders rotate capital away from smaller-cap projects.
No official statement from the MYX Finance team regarding today’s price action has been issued at the time of publication. The project’s social media channels have not addressed the decline or announced any protocol changes that might explain the accelerated selloff.
This is a developing story and will be updated as more information becomes available.
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