MYX Finance Lost 70% In a Week: What Triggered the Sharp Sell-Off?

MYX Finance has posted one of the steepest weekly drawdowns in the digital asset market. The token plunged 72% over the past seven days, underperforming most comparable altcoins. The sell-off erased months of gains and pushed MYX to a three-month low.

At first glance, such a collapse often signals protocol failure or declining utility. However, on-chain data and derivatives metrics tell a different story.

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MYX Finance Is Still Doing Well In The DeFi Space

A sharp decline typically raises…