MYX Experiences 264.76% Surge in 24 Hours, Reaching $6.53
MYX token volatility intensified as its price briefly spiked above $16 before retreating, accompanied by millions in liquidations across both long and short positions.
OKB
MNT
BGB
Summary
MYX reached a peak of $16.665 before falling back to $14.582, representing a 33.25% increase during the trading period. According to Coinglass data, nearly $3 million in liquidations occurred, including $960,000 from long positions and $1.99 million from shorts. This adds to MYX’s recent surge that placed its market capitalization at $3.39 billion and positioned it ahead of Bitget’s BGB, while nearing OKX’s OKB and Bybit’s MNT.
Terms & Concepts
- Market Capitalization: The total value of a cryptocurrency, calculated by multiplying its current price by the circulating supply.
- Liquidation: The forced closure of a leveraged position when the trader’s margin is insufficient to cover losses.