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ETH $2,425.61 +3.44%
BNB $640.66 +2.78%
XRP $1.48 +3.34%
SOL $90.29 +4.82%
TRX $0.3242 -0.68%
DOGE $0.1013 +3.88%
ADA $0.2640 +4.20%
BCH $453.82 +2.60%
LINK $9.76 +3.72%
HYPE $44.66 -0.49%
AAVE $118.29 +9.53%
SUI $1.02 +3.28%
XLM $0.1722 +6.25%
ZEC $346.28 +0.15%

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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