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MYX Finance Surges 33% on Consensys Funding and Derivatives Activity

MYX Finance Surges 33% on Consensys Funding and Derivatives Activity

Author:

Global Cryptocurrency

Published:

2026-02-20 14:12:02

20

1

BTCCSquare news:

MYX Finance's token price skyrocketed 33% to $1.24 following a strategic investment from blockchain heavyweight Consensys. The funding round validates the project's credibility ahead of its V2 upgrade, which promises enhanced trading features.

Derivatives markets amplified the rally with open interest jumping 30% as traders piled into Leveraged long positions. A $2.11 million short squeeze accelerated gains, forcing bears to cover positions in cascading buy orders.

By:

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