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MYX token drops 27% amid fading trader interest and no whale buying support

Market News
05 Jun 2026
AMBCrypto
View Source
Bearish
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MYX token fell 27% in the last 24 hours, signaling continued bearish pressure as buyers remain hesitant. Open Interest in the derivatives market dropped sharply by 48%, indicating traders are closing positions rather than opening new ones, reflecting declining confidence. Large holders, or whales, have not increased their stake, holding steady at around 54% of supply, showing no signs of accumulation despite the price drop. Without renewed buyer interest or whale accumulation, the downward trend is likely to persist in the near term.

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