Synapse (SYN), a significant player in the cryptocurrency market, has experienced drastic fluctuations. The coin surged by 40% following its futures listing on Binance and soared by another 45% after an undisclosed yet major announcement. It was listed on other exchanges like Indodax and reacted to selling pressure by bouncing back with a 17% increase. Despite these gains,
SYN Coin faced some setbacks as major liquidity providers such as the venture capital firm Nima Capital dumped 9 million SYN tokens, resulting in a price plunge by 20%.
SYN Coin faced another drop of 25% following an exit by a major liquidity provider. There were also rumors of price speculation regarding its future rise.
The coin received backing from notable establishments like Pantera, Susquehanna, and HashKey with a $22M funding, while also generating funds within its ecosystem. For example, two of its other projects, Synéequote and SynFutures, raised $2.8M and $22M respectively in funding. Additionally, Blockchain-Based AI Compute Protocol Gensyn closed a $43M Series A funding round. Despite these setbacks and achievements, expenditure on trades across platforms has been noticed. For instance, FTX and Alameda Research cashed out to Binance, Coinbase, and Wintermute. The future of
SYN Coin remains uncertain but significantly invested in.
SYN Coin News Analytics from Mon, 05 Feb 2018 15:43:40 GMT to Tue, 08 Oct 2024 02:28:08 GMT -
Rating 5
- Innovation 7
- Information 5
- Rumor 7
