BTC $63,000.86 -0.03%
ETH $1,878.36 -0.05%
BNB $605.46 -0.79%
XRP $0.9999 -0.38%
SOL $75.31 +0.01%
TRX $0.3308 -0.44%
DOGE $0.0696 -0.58%
ADA $0.1770 -1.42%
BCH $203.00 -1.16%
LINK $9.36 -0.59%
HYPE $56.96 +1.36%
AAVE $85.87 -1.10%
SUI $0.6742 -1.66%
XLM $0.1567 -1.44%
ZEC $486.71 -0.91%
BTC $63,000.86 -0.03%
ETH $1,878.36 -0.05%
BNB $605.46 -0.79%
XRP $0.9999 -0.38%
SOL $75.31 +0.01%
TRX $0.3308 -0.44%
DOGE $0.0696 -0.58%
ADA $0.1770 -1.42%
BCH $203.00 -1.16%
LINK $9.36 -0.59%
HYPE $56.96 +1.36%
AAVE $85.87 -1.10%
SUI $0.6742 -1.66%
XLM $0.1567 -1.44%
ZEC $486.71 -0.91%

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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