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news-imageSeptember 5, 2023

Nima Capital goes dark after dumping 9M SYN tokens, community calls it VC rug

The VC firm had received a grant from the project in return for locking $40 million worth of liquidity in SYN.
Publisher: Cointelegraph
Sentiment: Negative
SYN

More News Articles

Positive
cover-imageThe Daily Hodl
August 25, 2024

Trader Says Memecoin That's Up Over 27,000% in Under One Year Showing Massive Strength, Updates Outlook on SYN

A closely followed crypto strategist believes that one red-hot memecoin may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that PepeCoin (PEPECOIN) could retrace to a key level before resuming an uptrend. “Strong PepeCoin is doing well right now, showing a lot of strength.

Positive
cover-imageCryptopolitan
October 6, 2023

Hong Kong stock exchange launches Synapse: A game-changer in settlement technology

In a significant stride towards modernizing the world of financial markets, the Hong Kong Stock Exchange (HKEX) has introduced Synapse, a groundbreaking settlement platform. Synapse, which leverages smart contracts and blockchain technology, aims to revolutionize transaction handling, offering a faster, more transparent, and efficient experience for all market participants.

Negative
cover-imageThe Currency Analytics
September 7, 2023

DeFi Platform Synapse Faces Turmoil as Key Liquidity Provider Exits

In a stunning turn of events, Synapse, a prominent player in the world of decentralized finance (DeFi), finds itself in the midst of a crisis. The project's community is in turmoil as an unknown liquidity provider recently dumped a significant amount of SYN tokens and removed liquidity, causing a sharp drop in the coin's value.

Positive
cover-imageThe Currency Analytics
September 7, 2023

Synapse Token Surges 17% Following Liquidity Provider's Token Sale

In a recent turn of events, the native token of Synapse, a decentralized finance (DeFi) protocol specializing in cross-chain data transfer, has made a remarkable recovery, bouncing back by more than 17% from its recent low of $0.30. This resurgence in value follows a significant drop of 25% that occurred on Monday, attributed to a substantial sale of SYN tokens by a liquidity provider.

Negative
cover-imageThe Daily Hodl
September 5, 2023

Crypto Whale Abruptly Crashes Price of Ethereum-Based Altcoin Swapping to Stablecoins: On-Chain Data

A deep-pocketed investor triggered a sudden price collapse of one Ethereum (ETH)-based altcoin by swapping their token holdings to stablecoins, according to on-chain data. Blockchain tracking firm Lookonchain says that after the crypto whale sold off their large holdings of SYN, the native token of bridge protocol Synapse, the price declined from about $0.

Positive
cover-imageInvezz
January 30, 2023

The 7 Best Long Term Crypto Investments

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.

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