BREAKING: MYX Finance Crashes 20.7% to $1.49 in Sharp Sell-Off

MYX Finance (MYX) has plunged 20.7% to $1.49 in the past 24 hours, extending a severe downtrend that has seen the token lose 73% of its value over the past week.

The sharp decline wiped out $75.3 million in market capitalization, bringing MYX’s total market cap down to $286.5 million as of 12:22 AM UTC on February 18, 2026. The token now ranks #144 by market cap.

Severe Price Action

MYX traded within a volatile range between $1.44 and $1.90 over the past 24 hours before settling at $1.49. The token has lost significant ground from its September 2025 all-time high of $19.03, now trading 92.1% below that peak.

Trading volume reached $39.1 million in the past 24 hours, indicating sustained selling pressure as investors exit positions. The price decline accelerated in the past hour with an additional 0.32% drop.

Extended Downtrend

The current crash extends a brutal 30-day period that has seen MYX lose 72.6% of its value. The weekly chart shows a 73% decline, suggesting mounting concerns about the protocol’s fundamentals or broader market sentiment toward DeFi tokens.

With 190.8 million MYX tokens in circulation out of a maximum supply of 1 billion, the fully diluted valuation stands at $1.5 billion, indicating significant future token unlock risk.

Market Context

MYX Finance operates as a decentralized perpetual trading protocol, competing in an increasingly crowded DeFi derivatives space. The platform’s native token has struggled to maintain momentum following its strong performance in mid-2025.

The token launched from a low of $0.047 in June 2025, achieving a remarkable 3,084% gain to its September peak before the current reversal. This pattern suggests potential profit-taking from early investors or fundamental challenges facing the protocol.

Critical Levels

The $1.44 level established as the 24-hour low represents immediate support. A break below this threshold could trigger additional selling pressure and test lower price levels. The token’s previous all-time low of $0.047 from June 2025 remains the ultimate support level.

Traders should monitor volume patterns and broader DeFi market sentiment for signs of stabilization or further deterioration. The severity of the decline suggests caution is warranted for those considering entry positions.