BTC $62,536.99 -1.79%
ETH $1,866.92 -1.14%
BNB $603.23 -1.11%
XRP $1.00 -0.30%
SOL $75.27 -1.08%
TRX $0.3323 -0.55%
DOGE $0.0693 -1.09%
ADA $0.1792 -2.78%
BCH $202.36 -5.26%
LINK $8.82 +0.34%
HYPE $55.92 -2.90%
AAVE $85.75 -2.13%
SUI $0.6762 -2.06%
XLM $0.1596 -0.35%
ZEC $482.16 -1.62%
BTC $62,536.99 -1.79%
ETH $1,866.92 -1.14%
BNB $603.23 -1.11%
XRP $1.00 -0.30%
SOL $75.27 -1.08%
TRX $0.3323 -0.55%
DOGE $0.0693 -1.09%
ADA $0.1792 -2.78%
BCH $202.36 -5.26%
LINK $8.82 +0.34%
HYPE $55.92 -2.90%
AAVE $85.75 -2.13%
SUI $0.6762 -2.06%
XLM $0.1596 -0.35%
ZEC $482.16 -1.62%

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.

Related projects
app_icon
ChainCatcher Building the Web3 world with innovations.