SYN, the token of Synapse protocol, rose over 1,000% in June, vastly outperforming Bitcoin and Ether, which fell about 20%. The rally is driven more by hype around Synapse's new Hypercall options platform and a $2.2 million SYN purchase by BitMEX co-founder Arthur Hayes than by Synapse's core bridge activity, which remains modest. However, technical analysis warns of a potential 25% price correction due to a rising wedge pattern. Investors should watch for a break below $0.42 support or a breakout above $0.63 to gauge future direction.
Synapse (SYN) token surged 13% recently, driven by large purchases from prominent investors like Arthur Hayes and interest in its options platform, Hypercall. Hayes views SYN as undervalued compared to traditional options markets, fueling bullish sen...
Arthur Hayes, co-founder of BitMEX, purchased $2.2 million worth of Synthetix (SYN) tokens via an OTC deal before publicly endorsing Hypercall, a decentralized options exchange built on the Synapse Protocol. Following his endorsement, SYN’s price sur...
Arthur Hayes, co-founder of BitMEX, revealed a $2.2 million purchase of Synapse's SYN token following his endorsement of Hypercall, an options decentralized exchange (DEX) built on Hyperliquid. Hayes sees Hypercall as a strong challenger to establish...
Arthur Hayes, co-founder of BitMEX, purchased about $2.2 million worth of SYN tokens to support Hypercall, an onchain options platform built on the Hyperliquid network. He views Hypercall as a potential challenger to Deribit, the dominant crypto opti...
This week, major cryptocurrencies like Bitcoin and Ethereum remained weak due to ongoing macroeconomic uncertainty, while some low-cap altcoins saw significant gains. Velvet (VELVET) led with a 235% rally nearing its all-time high, supported by stron...
