Synthetix token SYN jumps 41% after Arthur Hayes buys $2.2M and backs Hypercall DEX

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 surged up to 40.9% in a single day. Hypercall aims to challenge Deribit by offering fully on-chain options trading using SYN as its governance token, avoiding token fragmentation common in DeFi. Hayes’ backing highlights potential growth for SYN if Hypercall gains traction in the crypto options market.