BTC $79,531.71 -0.50%
ETH $2,503.63 +0.20%
BNB $746.76 -1.12%
XRP $1.41 -0.40%
SOL $105.73 -0.92%
TRX $0.3356 +0.07%
DOGE $0.0915 +2.01%
ADA $0.2234 +1.62%
BCH $261.47 +1.04%
LINK $13.30 +7.81%
HYPE $88.09 -1.21%
AAVE $134.97 +0.26%
SUI $0.8394 +5.16%
XLM $0.1956 +4.92%
ZEC $1,193.83 +1.74%
BTC $79,531.71 -0.50%
ETH $2,503.63 +0.20%
BNB $746.76 -1.12%
XRP $1.41 -0.40%
SOL $105.73 -0.92%
TRX $0.3356 +0.07%
DOGE $0.0915 +2.01%
ADA $0.2234 +1.62%
BCH $261.47 +1.04%
LINK $13.30 +7.81%
HYPE $88.09 -1.21%
AAVE $134.97 +0.26%
SUI $0.8394 +5.16%
XLM $0.1956 +4.92%
ZEC $1,193.83 +1.74%

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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