Synapse (SYN), a cryptocurrency, has been capturing significant attention in recent times. It observed a
40% price surge post the listing by
Binance Futures, indicating a positive response from the market. The SYN token also featured in traders' watchlists following an incredible
27,000% growth in less than a year. Concurrently, the project announced its decentralization plans through the formation of a foundation and a new governance token. However, significant volatility occurred following
Fergus Falls's $9 million SYN token dump, causing communities to speculate about a potential
VC rug pull. This action resulted in a
20% price drop of the SYN token. Nevertheless, SYN continues to garner support from mega crypto industry names such as
Pantera, Susquehanna, and HashKey, which backed
SynFutures with
$22M funding. SynFutures announced a free token
airdrop and a new foundation, marking its growth in the DeFi space. Their
v2 upgrade introduced a 'permissionless listing' of futures, bringing more potential products to users.
Syn City, an affiliated project, conducted a token auction, raising
$8 million with backing from
Merit Circle and GuildFi. Lastly, amid these developments
OKEx Blockdream Ventures has announced its partnership with SYN CITY.
SYN Coin News Analytics from Mon, 05 Feb 2018 15:43:40 GMT to Thu, 19 Dec 2024 06:58:16 GMT -
Rating 2
- Innovation 3
- Information 6
- Rumor 3
