BTC $78,426.56 -1.01%
ETH $2,484.66 -0.29%
BNB $749.40 +1.30%
XRP $1.43 +2.44%
SOL $103.23 -0.85%
TRX $0.3386 +1.28%
DOGE $0.0898 -0.25%
ADA $0.2217 +0.84%
BCH $257.25 -1.28%
LINK $12.61 -1.30%
HYPE $84.54 -0.56%
AAVE $129.15 -2.33%
SUI $0.8125 -1.43%
XLM $0.1889 -1.72%
ZEC $1,155.29 -0.07%
BTC $78,426.56 -1.01%
ETH $2,484.66 -0.29%
BNB $749.40 +1.30%
XRP $1.43 +2.44%
SOL $103.23 -0.85%
TRX $0.3386 +1.28%
DOGE $0.0898 -0.25%
ADA $0.2217 +0.84%
BCH $257.25 -1.28%
LINK $12.61 -1.30%
HYPE $84.54 -0.56%
AAVE $129.15 -2.33%
SUI $0.8125 -1.43%
XLM $0.1889 -1.72%
ZEC $1,155.29 -0.07%

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

2023-09-05 11:13:22

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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