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TRX $0.3282 +2.39%
DOGE $0.0843 +3.33%
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BCH $225.37 +2.71%
LINK $7.72 +4.67%
HYPE $58.76 +0.83%
AAVE $62.97 +3.48%
SUI $0.7467 +3.45%
XLM $0.2033 +0.95%
ZEC $432.75 +26.53%

Synapse: A LP selling tokens and withdrawing liquidity causes SYN token price to plummet

2023-09-05 11:13:22
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ChainCatcher news, according to Coingecko data, the price of the SYN token fell to $0.3097 at 8:25 today and has now rebounded to $0.3326, with a 24-hour decline of 19.2%. In response to the sharp drop in the price of the SYN token, the cross-chain protocol Synapse tweeted that a Synapse liquidity provider sold their SYN tokens and withdrew liquidity today. The team is investigating unusual activity on their wallet and is trying to make contact. The protocol or cross-chain bridge has not suffered any security vulnerabilities.

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