$MYX one the reason myx hae been dump from 12 days because of the recent investment made in his project MYX, an on-chain derivatives protocol, recently secured strategic funding led by Consensys, with additional investment from Consensys Mesh and Systemic Ventures. After this funding round, Consensys became MYX's largest investor, showing strong long-term confidence in the project.
The funding will help launch MYX V2, a significant upgrade that changes MYX from a single all-in-one DApp to a modular settlement layer. This change allows other platforms to build on MYX, helping to reduce liquidity fragmentation across blockchains. MYX V2 also includes account abstraction (EIP-4337 and EIP-7702) and Chainlink’s permissionless oracle system to improve capital efficiency and simplify trading.
However, even though this news is fundamentally positive, it may explain the recent drop in MYX's price. Crypto markets often react with a “sell the news” strategy, where traders take profits after major announcements. Some investors may also be wary of execution risks during a large technical transition.
Overall, the news is good for long-term fundamentals, even if short-term price action appears weak $RIVER $LIGHT
