Synapse Token Price Plummets as Nima Capital Dumps 9 Million SNY Tokens – Community Suspects Rug Pull
On September 5, the native token of Synapse (SYN), a decentralized finance (DeFi) cross-chain bridge, experienced a substantial price drop as an unidentified liquidity provider offloaded approximately 9 million SYN token...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Synapse stands out as a cross-chain bridge protocol, harnessing the power of Optimism technology. With an impressive track record, it boasts over 1.3 million users and a staggering $40 billion in volume....
Read More: Synapse Token Price Plummets as Nima Capital Dumps 9 Million SNY Tokens – Community Suspects Rug Pull
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
XRP Price Prediction: Ripple Token Outperforms Tech Stocks as Asian Markets Turn Red
XRP price fell to $1.38, losing up 2.5% over 24 hours, while Asian risk assets were under pressure, and South Korea’s KOSPI fell m...
China’s top leadership calls for a national blockchain network, minus the tokens
China's blockchain push, sans tokens, may bolster state control over digital infrastructure, impacting global blockchain innovatio...
Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million
About $800 million in leveraged positions were wiped out over 24 hours, 86% of them bullish. Chip-stock contracts on crypto exchan...
Standard Chartered brings Ripple’s RLUSD into banking custody after $765 million quarterly surge
Standard Chartered has launched custody for Ripple's RLUSD stablecoin as it prepares to expand its use as collateral for instituti...
Bitcoin ETF Outflows Reach $65 Million as BlackRock Bleeds Cash
BlackRock’s iShares Bitcoin Trust (IBIT) recorded $65.4 million in net outflows yesterday, accounting for the entire withdrawal fr...
IMF finds over half of tokenized US stock trading happens after Wall Street closes
More than half of sampled tokenized US stock trading occurs outside Wall Street's regular hours, the International Monetary Fund (...