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Nima Capital, a long-term financing partner of the Synapse cross-chain bridge, dumped over 9 million SYN tokens. The move sent the token's value plummeting by 20%, hitting a multi-week low of $0.30.
The VC firm had received a grant from the project in return for locking $40 million worth of liquidity in SYN.
Synapse Labs, the main contributor to the cross-chain bridge Synapse (SYN), confirmed that an unnamed liquidity provider sold SYN tokens and removed liquidity from the bridge. In a Sept.
Cross-chain communications network Synapse has seen its native token price dump following a large removal of liquidity from the protocol. As a result, SYN prices have tanked more than 20% over the past few hours.
An unnamed liquidity provider sold millions of SYN — the native token of the cross-chain bridge Synapse — prompting a sharp drop in its price.
These three under-the-radar cryptos can deliver tremendous returns when the market regains confidence.
A crypto analyst who nailed the end of the Bitcoin (BTC) bull market is naming one Ethereum (ETH)-based token that he says has the potential to explode.
Long-term crypto investments often rely on market cycles to put them on the radar for the wider crypto audience. Bull markets, where values skyrocket, inevitably cycle into bear markets, where values slump significantly. It is during the latter events that the best long term crypto bargains are to be had.
Key Points: A well-followed crypto expert says payments network XRP is expected to climb, but Bitcoin (BTC) and one under-the-radar cryptocurrency have more upside potential. Cantering Clark, a pseudonymous expert, said that it's “nearly time” for XRP to explode to the upside.
As prices dip, the opportunity to make major gains with strong crypto projects gets even bigger. They say that crypto millionaires are made during the bear market, which gives every single person reading this article a unique opportunity that does not come around very often.
Top US-based crypto exchange platform Coinbase is expanding its suite of digital assets by adding custody support for over a dozen of Ethereum (ETH)-based altcoins. Coinbase says it's adding 14 new cryptocurrencies to the growing roster of virtual currencies in its Coinbase Custody cold storage trust.
