{"id":46611,"date":"2025-09-09T16:46:43","date_gmt":"2025-09-09T16:46:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=46611"},"modified":"2025-09-09T16:46:43","modified_gmt":"2025-09-09T16:46:43","slug":"more-than-40m-liquidated-as-market-makers-suffer-shattering-myx-short-squeeze","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=46611","title":{"rendered":"More Than $40M Liquidated as Market Makers Suffer Shattering MYX Short Squeeze"},"content":{"rendered":"
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Traders speculating on MYX Finance’s native token (MYX) were in for a rude awakening this week, with more than $40 million being liquidated<\/a> over the past 24 hours as the shadowy project continued its surge from $0.10 to $16 over the past 60 days.<\/p>\n

Crypto analyst Skew wrote on X<\/a> that MYX “traded pretty normally between $2 & $4” but things began to get questionable during a targeted short squeeze that sent the token from $4 to $8.<\/p>\n

“Clearly in the aftermath of that move some liquidity provider or market maker got massive carried out, especially with sizable liquidations that occurred,” they added.<\/p>\n

MYX Finance is a decentralized exchange that has just $55 million in total value locked (TVL) and $5 million in open interest, being dwarfed by the likes of HyperLiquid that have $712 million and $12.8 billion<\/a> respectively.<\/p>\n

Despite the major disparity, MYX has a fully diluted value of $17.7 billion, rivaling HYPE’s market cap of $17.5 billion. It’s worth noting that more than 80% of MYX’s supply is currently locked, with just 197 million tokens circulating, which means the assets could be prone to manipulation with such a constricted supply as several<\/a> traders pointed out on X<\/a>.<\/p>\n

MYX’s rapid emergence has seen it become the 36th largest cryptocurrency by market cap.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Traders speculating on MYX Finance’s native token (MYX) were in for a rude awakening this week, with more than $40 million being liquidated over the past 24 hours as the shadowy project continued its surge from $0.10 to $16 over the past 60 days. Crypto analyst Skew wrote on X that MYX “traded pretty normally […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-46611","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46611"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46611\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}