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MYX Price Skyrockets: From $2.09 to $16 in Just Weeks

MYX Finance ($MYX), the non-custodial trading platform token, has gone from being a surprising DeFi gainer to one of the most explosive performers of 2025. After shocking the market weeks ago with a 477% one-day rally to $2.09, MYX has now surged even further, hitting above $16 per token before facing a slight pullback. With its market cap nearing $3 billion and daily trading volume surpassing $800 million, MYX has firmly captured the spotlight.

MYX’s Meteoric Rise

• Earlier rally: MYX jumped 16x in a week, reaching $2.09 and signaling strong retail momentum.
• Today’s update: MYX price now trades around $14.96, after briefly touching $16.3 on TradingView. This marks an almost 70x move in just a few weeks.

Market stats:

• Market Cap: $2.94B (+125% in 24h)
• Circulating Supply: 197.11M MYX out of 1B total supply
• 24h Volume: $808M (+66%)

This growth has positioned MYX in the Top 40 cryptocurrencies by market cap, overtaking some established names in the DeFi sector.

Why is MYX Pumping Again?

1. Sustained Exchange Momentum

The token continues to benefit from its listings on major exchanges, including Binance’s Alpha category, which gives new tokens premium exposure. This has made MYX more liquid and accessible to a broader investor base.

2. Exploding Trading Activity

Transaction count and on-chain volume have spiked sharply. With TVL exceeding $32 million, MYX is carving out its place as a top decentralized derivatives player.

3. Short Liquidations Fuel Rally

Just as with the earlier surge, traders shorting MYX were caught off guard. The recent move above $10 triggered millions in liquidations, adding fuel to the fire as the price broke new levels.

4. Speculative Frenzy and FOMO

The TradingView chart shows a parabolic run since September 5th, with MYX climbing almost vertically from $2 to $16. The Fear & Greed sentiment remains in “greed” territory, as traders chase quick gains.

Technical Analysis

• Parabolic growth: The steep vertical rise signals unsustainable growth in the short term.
• Resistance levels: After touching $16.3, MYX saw its first signs of correction, now consolidating around $15.
• RSI danger zone: During the previous $2.09 rally, RSI spiked above 97, showing overbought conditions. With today’s run, RSI likely remains at extreme levels, meaning volatility and pullbacks are to be expected.

In short: while fundamentals (listings, volume, adoption) are supportive, the pace of growth suggests MYX is overheating.

Outlook: Can MYX Hold Above $15?

The MYX rally has been one of the most dramatic of 2025 so far. However, sustaining such gains will depend on:

• Continued exchange support and liquidity inflows.
• Growth of MYX Finance’s DeFi adoption and TVL.
• Whether speculative hype transitions into long-term holder conviction.

If bullish momentum holds, MYX could attempt to stabilize in the $12–$18 range, but sharp pullbacks remain highly possible as profit-taking sets in.