MYX Finance (MYX) has surged 24.1% in the past 24 hours, climbing to $1.19 as of 1:22 AM UTC on February 21, 2026, amid heavy trading activity that pushed daily volume to $119.7 million.
The decentralized exchange token experienced significant volatility throughout the trading session, reaching an intraday high of $1.79 before settling at current levels. The 24-hour low of $0.937 represents a price range of more than 90%, indicating substantial market turbulence.
Market Performance Metrics
MYX Finance’s market capitalization increased 18.2% to $215 million, pushing the token to rank #167 among all cryptocurrencies. The price appreciation added approximately $33.2 million in market value within the 24-hour period.
Short-term momentum remains strong, with the token gaining 13% in the past hour alone. However, the broader trend reveals significant challenges, as MYX remains down 58.7% over the past week and has declined 79.8% over the trailing 30-day period.
Supply and Valuation Context
With a circulating supply of 190.8 million tokens out of a maximum supply of 1 billion MYX, only 19% of the total token supply is currently in circulation. The fully diluted valuation stands at $1.13 billion, representing a significant premium of 5.2x over the current market capitalization.
The current price of $1.19 remains 94.2% below the all-time high of $19.03 recorded on September 11, 2025. Conversely, MYX has appreciated 2,232% from its all-time low of $0.047 set on June 19, 2025.
Volume and Liquidity Analysis
The $119.7 million in 24-hour trading volume represents approximately 55.7% of the token’s market capitalization, indicating exceptionally high liquidity and active trading interest. This volume-to-market-cap ratio suggests strong speculative activity and potential volatility continuation.
What This Means for Traders
The sharp intraday rally comes after a prolonged decline that saw MYX lose nearly 80% of its value over the past month. The current price action may represent either a technical bounce from oversold conditions or the beginning of a trend reversal. Traders should note the extreme volatility, as evidenced by the 90% intraday price range.
The low circulating supply percentage (19%) suggests potential future dilution risks as more tokens enter circulation. Market participants should monitor on-chain metrics and token unlock schedules for additional context on supply dynamics.
This is a developing story. Price data current as of February 21, 2026, 1:22 AM UTC.
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About the Author: Ananya Melhotra
