MYX Finance Price Jumps 71% After Consensys-Led Funding Round

MYX Finance staged one of the most aggressive intraday rallies in the crypto market this week, surging 90% in under 12 hours after nearly two weeks of decline. The sharp reversal surprised short sellers and followed a strategic funding round led by Consensys, with participation from Consensys Mesh and Systemic Ventures, announced ahead of the MYX V2 launch.

Technical signals had pointed to a likely rebound: the Money Flow Index fell below 20 for the first time since launch, an extreme oversold reading that often indicates selling exhaustion and sets the stage for renewed accumulation. Derivatives positioning reinforced the shift — liquidation data show around $2.46 million in long exposure, and funding rates have turned positive, meaning long traders are paying to hold positions; elevated leverage, however, can raise volatility if momentum stalls.

The token traded at $1.74 at the time of writing after a 24-hour gain of 70.6%, partially offsetting an 87% correction over the prior 12 days.

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