By CryptoNews - 9 months ago - Reading Time: 1 minutes
Synapse Token Price Plummets as Nima Capital Dumps 9 Million SNY Tokens – Community Suspects Rug Pull
On September 5, the native token of Synapse (SYN), a decentralized finance (DeFi) cross-chain bridge, experienced a substantial price drop as an unidentified liquidity provider offloaded approximately 9 million SYN tokens and withdrew all stablecoin liquidity from the platform.Synapse stands out as a cross-chain bridge protocol, harnessing the power of Optimism technology. With an impressive track record, it boasts over 1.3 million users and a staggering $40 billion in volume....
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Original source: CryptoNews