BREAKING: MYX Finance Crashes 29.7% to $0.62 in 24-Hour Plunge

MYX Finance (MYX) experienced a devastating 29.7% price decline in the past 24 hours, dropping to $0.616964 as of February 24, 2026, in one of the most significant crashes among mid-cap cryptocurrencies today.

The DeFi protocol token tumbled from a 24-hour high of $0.877678 to a low of $0.534427, demonstrating extreme volatility. Trading volume surged to $77.8 million as investors reacted to the price collapse, representing significant market activity relative to the token’s $117.2 million market cap.

Market Impact and Trading Metrics

MYX Finance’s market capitalization contracted by $52.8 million, a 31.06% decrease that dropped the token to rank #242 among cryptocurrencies. The fully diluted valuation currently stands at $614.3 million, with 190.8 million tokens in circulation out of a maximum supply of 1 billion MYX.

The 24-hour trading session showed brief recovery attempts, with the token posting a 6% gain in the past hour, suggesting potential short-term stabilization efforts by traders. However, this minor rebound does little to offset the broader damage.

Extended Downtrend Context

Today’s crash extends a brutal month for MYX Finance holders. The token has plummeted 91.03% over the past 30 days and 67.63% in the previous week, indicating sustained selling pressure and deteriorating market confidence.

The decline becomes more dramatic when viewed against historical performance. MYX reached an all-time high of $19.03 on September 11, 2025, meaning the current price represents a 96.78% decline from peak levels. Despite this collapse, the token still trades significantly above its all-time low of $0.047 recorded on June 19, 2025.

What This Means for Traders

The extreme volatility and heavy volume suggest potential capitulation by long-term holders or possible fundamental concerns affecting the MYX Finance protocol. Traders should exercise extreme caution, as tokens experiencing such rapid declines often face continued pressure before finding support levels.

The intraday range of $0.534427 to $0.877678 represents a 64% swing, indicating highly unstable market conditions where both long and short positions face elevated liquidation risks.

Market participants should monitor for official announcements from the MYX Finance team regarding potential protocol issues, security concerns, or other fundamental factors that may be driving the sustained selloff.