From $19 to 4 cents, what’s left of $MYX ?
Current price: $0.03943, down 5.19% in 24h. It has fallen 99.79% from its September 2025 all-time high of $19.03, down 20.09% over 7 days and 33.61% over 30 days.
Project overview: MYX Finance is a decentralized perpetual futures exchange. Its core feature is the Matching Pool Mechanism (MPM), which matches long and short positions directly within a pool. It touts zero slippage, USDC margin, and up to 50x leverage. Its token is a BEP-20 token on BNB Chain, with a total supply of 1 billion, used for governance and ecosystem incentives.
Catalysts: In February this year, it completed a strategic funding round led by Consensys. V2 launched on June 12, shifting toward permissionless creation of perpetual markets and a modular settlement layer for derivatives. But five months after V2 launched, the price is still hovering at low levels, and the narrative has yet to translate into volume.
Data: 24h perpetual trading volume is around $3.24 million, with open interest of about 71.7 million tokens, or roughly $2.83 million. The funding rate is +0.0050%/8h, with the next settlement at 04:00 CST today. CoinGecko reports a market cap of about $9.28 million (ranked 1,201) and a circulating supply of around 235 million tokens.
Risks: Only about 23.5% of the total supply is in circulation. The FDV is around $39.4 million, about 4.2 times the market cap, and future unlocks will create ongoing selling pressure. With a market cap below $10 million and daily perpetual trading volume of just over $3 million, liquidity is thin and volatility is extreme. There were allegations of manipulation around the September 2025 peak (unverified); the 99.8% decline itself shows that both confidence and tokenholder positions have been damaged. The broader market is also falling: BTC at $64,572 (-1.17%), ETH at $1,816 (-0.33%), and SOL at $71.51 (-1.38%). There is no safe haven in a weak market.
What to watch next: Whether the 24h low of $0.03591 holds, whether on-chain trading volume and open interest pick up after the V2 launch, and the pace of circulating supply unlocks.
Do you think a coin that has fallen 99.8% from its peak is simply waiting for the V2 narrative to be priced in, or has the market already written it off?
For informational purposes only; this is not investment advice.
Current price: $0.03943, down 5.19% in 24h. It has fallen 99.79% from its September 2025 all-time high of $19.03, down 20.09% over 7 days and 33.61% over 30 days.
Project overview: MYX Finance is a decentralized perpetual futures exchange. Its core feature is the Matching Pool Mechanism (MPM), which matches long and short positions directly within a pool. It touts zero slippage, USDC margin, and up to 50x leverage. Its token is a BEP-20 token on BNB Chain, with a total supply of 1 billion, used for governance and ecosystem incentives.
Catalysts: In February this year, it completed a strategic funding round led by Consensys. V2 launched on June 12, shifting toward permissionless creation of perpetual markets and a modular settlement layer for derivatives. But five months after V2 launched, the price is still hovering at low levels, and the narrative has yet to translate into volume.
Data: 24h perpetual trading volume is around $3.24 million, with open interest of about 71.7 million tokens, or roughly $2.83 million. The funding rate is +0.0050%/8h, with the next settlement at 04:00 CST today. CoinGecko reports a market cap of about $9.28 million (ranked 1,201) and a circulating supply of around 235 million tokens.
Risks: Only about 23.5% of the total supply is in circulation. The FDV is around $39.4 million, about 4.2 times the market cap, and future unlocks will create ongoing selling pressure. With a market cap below $10 million and daily perpetual trading volume of just over $3 million, liquidity is thin and volatility is extreme. There were allegations of manipulation around the September 2025 peak (unverified); the 99.8% decline itself shows that both confidence and tokenholder positions have been damaged. The broader market is also falling: BTC at $64,572 (-1.17%), ETH at $1,816 (-0.33%), and SOL at $71.51 (-1.38%). There is no safe haven in a weak market.
What to watch next: Whether the 24h low of $0.03591 holds, whether on-chain trading volume and open interest pick up after the V2 launch, and the pace of circulating supply unlocks.
Do you think a coin that has fallen 99.8% from its peak is simply waiting for the V2 narrative to be priced in, or has the market already written it off?
For informational purposes only; this is not investment advice.
