BTC $62,998.46 +0.16%
ETH $1,880.00 +0.22%
BNB $606.42 -0.59%
XRP $1.00 +0.01%
SOL $75.38 +0.38%
TRX $0.3309 -0.35%
DOGE $0.0698 -0.22%
ADA $0.1773 -0.74%
BCH $204.04 -0.62%
LINK $9.42 +1.86%
HYPE $57.45 +2.41%
AAVE $85.91 -1.14%
SUI $0.6774 -0.58%
XLM $0.1570 -0.72%
ZEC $488.74 +0.04%
BTC $62,998.46 +0.16%
ETH $1,880.00 +0.22%
BNB $606.42 -0.59%
XRP $1.00 +0.01%
SOL $75.38 +0.38%
TRX $0.3309 -0.35%
DOGE $0.0698 -0.22%
ADA $0.1773 -0.74%
BCH $204.04 -0.62%
LINK $9.42 +1.86%
HYPE $57.45 +2.41%
AAVE $85.91 -1.14%
SUI $0.6774 -0.58%
XLM $0.1570 -0.72%
ZEC $488.74 +0.04%

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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