BREAKING: MYX Finance Surges 23% to $1.17 in Major Recovery Rally

MYX Finance (MYX) has emerged as one of the top-performing cryptocurrencies on February 20, 2026, with a dramatic 23% price surge to $1.17 in the past 24 hours. The rally comes after the decentralized derivatives exchange token gained 16.1% in the last hour alone, signaling intensifying buying pressure.

The token’s price increased from a 24-hour low of $0.8126 to reach $1.17, representing a 44% intraday swing. This sharp recovery has added $40.4 million to MYX Finance’s market capitalization, which now stands at $221.7 million, placing it at rank #161 among all cryptocurrencies.

Trading Volume Spike Indicates Strong Interest

Trading activity has intensified significantly, with 24-hour volume reaching $55.7 million. This represents approximately 25% of the token’s total market cap changing hands, indicating robust trader participation in the rally. The volume surge suggests genuine market interest rather than low-liquidity price manipulation.

MYX Finance operates as a decentralized perpetual exchange built on multiple blockchain networks. The platform enables traders to access leveraged cryptocurrency trading without intermediaries, positioning itself within the competitive DeFi derivatives sector.

Recovery After Steep Decline

Despite today’s impressive gains, MYX Finance remains down significantly from recent highs. The token has declined 61.7% over the past seven days and 77.9% over the past 30 days, indicating the current surge represents a partial recovery rather than new all-time highs.

The token’s all-time high of $19.03, reached on September 11, 2025, remains 94.2% above current levels. However, MYX is trading 2,230% above its all-time low of $0.047 set on June 19, 2025.

Market Context

With 190.8 million tokens in circulation out of a maximum supply of 1 billion, MYX Finance maintains a circulating supply of approximately 19%. The fully diluted valuation stands at $1.16 billion, suggesting significant token unlocks remain ahead.

The current rally occurs amid broader cryptocurrency market volatility, with traders closely monitoring whether MYX Finance can sustain momentum above the $1.00 psychological level. The token’s ability to hold gains above key support levels will be critical in determining whether this represents a trend reversal or temporary relief rally.

Market observers note that the 16% gain in the past hour alone suggests either significant news developments or coordinated buying activity, though no official announcements have been confirmed at publication time.