| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- An unnamed liquidity provider sold 9 million SYN tokens, causing a price drop of over 25%.
- Synapse Labs, the company behind the project, confirmed that there are no security issues with the protocol or bridge.
- On-chain tracking account Lookonchain revealed that the seller no longer holds any SYN tokens, having received 2.35 million USDC in return.
A sudden sale of 9 million SYN tokens by an anonymous liquidity provider led to a significant price drop, but Synapse Labs assures there are no security concerns. The seller no longer holds any SYN tokens, having exchanged them for 2.35 million USDC.
SYN Token Price Plummets Following Massive Sale
In a surprising turn of events, an unidentified liquidity provider sold a whopping 9 million SYN tokens in a matter of minutes. This unexpected move resulted in a drastic price drop of over 25%, sending shockwaves through the cryptocurrency community. The SYN token, which had dipped to $0.30 during the night, was trading at $0.35 at the time of writing.
Synapse Labs Reassures Investors
In response to the sudden sale, Synapse Labs, the company behind the SYN token, issued a statement to address investor concerns. They confirmed that they are closely monitoring the movements in the seller’s wallets and are in communication with them. Importantly, they assured investors that there are no security issues with the protocol or bridge, dispelling fears of a potential breach or hack.
Details of the Transaction
Further insights into the transaction were provided by Lookonchain, an on-chain tracking account. According to their data, the seller no longer holds any SYN tokens, having exchanged them for 2.35 million USDC. Despite this significant sale, Synapse Labs reported that the protocol still holds locked assets worth $123 million and a volume of $42 million.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Conclusion
The sudden sale of SYN tokens by an anonymous liquidity provider led to a significant price drop, raising concerns among investors. However, Synapse Labs, the company behind the project, has reassured the community that there are no security issues with the protocol or bridge. The seller no longer holds any SYN tokens, having exchanged them for 2.35 million USDC. Despite this, the protocol still holds substantial locked assets and volume, indicating its resilience in the face of such events.
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
