MYX Finance rallied ~33% to about $1.24 after a strategic funding round led by ConsenSys and ahead of the platform’s MYX V2 upgrade. Derivatives activity rose (open interest +~30%) and roughly $2.11M of mostly short positions were liquidated, producing a short squeeze. Trading volume climbed >200% to ~ $311M. Technically, MYX broke a falling 4‑hour channel, is testing resistance near $1.73 with support ~ $1.20, and could retest $2.00 if momentum and upcoming U.S. PCE inflation data are favorable.

Positive sentiment and meaningful short-term impact are based on: ConsenSys-led funding and an upcoming V2 upgrade (fundamental catalyst); derivatives open interest up ~30% and ~$2.11M in short liquidations (short squeeze); >200% jump in volume and a 4‑hour channel breakout (technical confirmation).