MYX Finance price jumps 70% amid market recovery, driven by FOMO and rising interest in the non-custodial DEX token.
Today’s substantial price gain has seen a 70% increase in MYX Finance, the native token of the non-custodial DEX.
Given that the past few days have not been perfect for the digital assets, the token has reached a new all-time high and achieved further milestones.
The market as a whole was affected by the turbulence of macroeconomic events and the volatility of cryptocurrencies.
MYX, however, is one of the few outliers that defies the patterns.
Four Factors Contributing To Rising Price Of MYX Finance
The MYX token is currently trading at $1.88 with a market valuation of $296.93 million, after a 70% increase today.
Interestingly, the price of MYX Finance has risen 1650% over the past week, indicating long-term bullish momentum, and the increase isn’t only today.
Just hours earlier, it reached a new all-time high of $2.09 as investor demand and FOMO increased with the general crypto market’s rally.
Notably, the upward trend is also fueled by other reasons such as exchange listings, token unlocks, and confirmation of the V2 launch.
Listing On Binance Alpha
Listing on well-known cryptocurrency exchanges, such as Binance Alpha, has contributed to today’s price increase for MYX Finance.
Following the listing, investors started interacting with the token due to its greater visibility and credibility, which led to a price boom and heavy trading volume.
According to CoinMarketCap data, MYX’s trading volume has increased by 115% today, reaching $300.85 million.
Experts also pointed out that the listing caused a small buying spot in Binance Futures, which increased the volume by $6-7 billion, indicating that the token is bullish.
Continuous Volume Increase, Technical Departure
DefiLlama claims that the perpetual volume has reached a record-breaking $9.18 billion in the past 30 days.
Amid the excitement around the V2 introduction and other factors, it has reached $335.63 million in the last 24 hours.
MYX Finance’s X post recently impacted the price breakthrough, indicating that “V2 is coming.”
Confirming today’s bullish upsurge, the price chart also shows a breakout from the symmetrical triangle.
Analysts like Victor believe it will continue to rise even if the token saw a retracement after hitting the all-time high.
$16.67 Million For Buyback, liquidation
A significant liquidation occurred for the holders of short positions as the price rose with volume.
A staggering $16.67 million was liquidated, of which $11.74 million was shorts, according to Conglass, which put buying pressure on the tokens as traders repurchased.
FOMO, Unlocking Tokens
Fear of missing out on the chance grew among investors as the price of MYX Finance started to soar.
As more customers connected, they had an impact on the pricing.
Curiously, this week saw a notable increase in interest in the top meme coin category as focus shifted from larger cryptocurrencies to these.
The token unlock, which is set for today, August 6, also had an impact on the MYX spike.
Today, 39 million tokens, or about 4% of the total supply, would be unlocked.
JUST IN: $MYX is up 298% ahead of a 39M token unlock scheduled for tomorrow. pic.twitter.com/DHZ1dEF61e
— CoinGecko (@coingecko) August 5, 2025
Notably, some users speculate on market manipulation, as do others like WazzCrypto.
Although there is no verified proof, they voiced concern over the large perpetual volume compared to the low genuine spot purchase.
MYX is the week’s largest gainer, and investors are watching for more increases in this and other cryptocurrency markets.