Synapse (SYN)

Why is it always the Binance coins that spike like this $SYN is the next to be mooned, but do not be fooled. https://t.co/FBFdevUCWX

🗞 Top Crypto Gainers & Losers: Tue, Jun 30 (24H) 📈 Biggest Gainers Synapse $SYN +35.36% $RIF +28.19% MemeCore $M +24.72% 📉 Biggest Losers RaveDAO $RAVE -28.32% BNB Attestation Service $BAS -18.62% Circle Tokenized Stock $CRCLX -14.72% https://t.co/NAwjVnb31D

Hey @grok, Is it over for $SYN? 👀 https://t.co/MsMnSeHy6o

You can almost feel the dump happening already

Arthur Hayes recently increased his $SYN position and said Hypercall has the potential to challenge Deribit. That got me curious, so I decided to take a closer look at $SYN. Here are a few things that stood out. 1. Valuation $SYN currently has an FDV of around $130M, which still feels relatively early to me. For context, Coinbase recently acquired Deribit for $2.9B. $HYPE also went through a similar stage before the market fully recognized its potential. Relative to the on-chain options market $SYN is targeting, a $130M FDV doesn’t look particularly expensive. 2. Tokenomics The token model shares several similarities with $HYPE. No VC equity. Governance is entirely token-based. Under the current design, roughly 80–90% of protocol revenue is expected to be allocated by the DAO toward buybacks, creating a straightforward flywheel: Revenue → Buybacks → Token Demand 3. Ecosystem Synergy What stood out to me the most is that $SYN doesn’t appear to be competing directly with $HYPE. When market makers sell options on Hypercall, they need to delta hedge on Hyperliquid. That could translate into higher perpetual trading volume, more protocol fees, and potentially more buybacks for $HYPE. 4. Market Positioning $HYPE has already established itself as the leader in on-chain perpetuals. $SYN is focused on on-chain options, while also expanding into products such as SPX OTM and 0DTE. $HYPE has already demonstrated strong demand for on-chain perpetuals. Whether on-chain options can follow a similar path is something the market will have to determine over time. I’ll be watching closely.

I didn't expect it to be this strong. 🔻 $SYN We have made good forecasts on the Syn coin lately. However, because it posted a very solid pin, those who entered with high leverage are getting squeezed. If it loses the 636 level, a short could be considered above the last pin, or one could wait for a pin at the upper peak region. https://t.co/4hulePKS9h

What is $SYN and why its up nearly 25 x from lows? https://t.co/tMJuvUCrOK

🔷️ $SYN continues to outperform expectations. Just 4 days ago, we were discussing the structure while the market was still questioning whether momentum could continue. Since then, the chart has delivered another strong expansion move, with the token gaining more than 60% from that earlier analysis. 📈 What's interesting here is how quickly buyers reclaimed the green demand zones before pushing directly into the yellow supply region overhead. The latest breakout candle suggests momentum remains firmly on the buyers' side for now. 🟢 The next question is whether this move evolves into continuation or whether the market needs a cooling‑off period after such an aggressive rally. 👀 Compared to the previous tweet, sentiment has shifted from confirmation hunting to momentum management. That's a major change in only a few days. ⚡ ⚠️ DYOR. Not financial advice. #SYN #Crypto #Bitcoin #BTC #Altcoins

ARTHUR HAYES $2.2M BUY FUELS $SYN TO $0.67 The token has pumped an incredible 1,700% over the last three weeks, though it remains -87% off its $4.92 peak. Buying pressure is holding strong after Hayes scooping up 6.16M tokens ($2.2M) in a single transaction. https://t.co/P0jDGHRS16