MYX（MYXFinance） fluctuates 174% in 24 hours: zkSyncEraV2 upgrade and surge in trading volume drive rebound
Bitget Pulse2026/04/14 22:03Volatility Overview
In the past 24 hours, MYX price rebounded from a low of $0.2265 to a high of $0.6206, currently trading at $0.3029, with an amplitude of 174.0%. Trading volume surged significantly to $118 million (a 951% increase), with some platforms such as Bitget recording a 4.7-fold increase to $13.52–14.55 million. Perpetual contract open interest increased, and positive funding rates further amplified volatility.
Brief Analysis of the Price Movement
• zkSync Era V2 upgrade launched the Matching Pool Mechanism, improving on-chain derivatives capital efficiency and ZK proof technology. As a deeply integrated ecosystem token, MYX directly benefited, triggering its price to soar 200% from $0.20 to a peak of $0.60.
• On the MEXC platform, MYXUSDT perpetual contracts were dominated by buying pressure, with trading volume multiplying several times, triggering a short squeeze and technical breakout (above the $0.25 resistance). There were no evident large whale orders or official announcements, but the low circulating supply (28%) is easily influenced by capital flows.
• Overall, derivatives open interest rose and funding rates turned positive, coupled with capital rotation within the DeFi sector.
Market Views and Outlook
The mainstream community sentiment is FOMO-driven “no seller” frenzy, with trading signals optimistic about a short-term rebound to $0.65–$0.70, but cautioning a potential retest of the $0.30–$0.38 support zone. Leading analysts highlight the strong speculative nature, with network activity (DAA) lagging, and warn that the absence of organic demand could lead to a “dead cat bounce.” Risks include profit-taking, low liquidity, and potential manipulation, and it is advised to maintain positions above $0.35.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
GMO executive: Oversupply of stocks and slowdown in AI infrastructure will jointly trigger this round of the AI bubble
GMO executive Inker warns that the largest IPO wave in history—SpaceX, OpenAI, and Anthropic combined—will inject an additional supply of shares equivalent to 6% to 7.5% of the U.S. stock market capitalization, far exceeding the historical record set during the peak of the internet bubble. He points out that if this is combined with the turning point of AI computing power shifting from scarcity to surplus, the market decline could reach 35% to 50%.
BNY completes first tokenized US Treasury repo on major triparty platform
Crypto prices
More
