Synapse (SYN)

People shilling $SYN at these prices after that insane run-up as a 'fundamentals play' are not serious people. You gotta call a spade a spade Nothing against the company. It can become a fundamentals play in the future, but there is still a long way to go; there is basically no liquidity, HUGE spreads on SPX, and very low volume or OI. Gg for those who caught the trade and called it for what it was, like @HYPEconomist, a narrative play. That is it. If you are up 1000%+ in a span of days in an asset like that, in these market conditions, I cannot imagine any justification for not taking at least some profits here Just to be clear, I like that the team is trying to build it. I haven’t looked deep into the mechanics, so Idk if it can work at scale. But I like the fact that they are trying to build something cool for the users

One Dollar $SYN is within reach, tell me why I'm wrong ... https://t.co/jZXknW941t

🔷️ $SYN continues to evolve exactly as the previous analysis suggested. Just a few days ago, the focus was on whether buyers could defend the green demand zones and maintain momentum. Since then, the market has answered that question with a powerful move higher, while the earlier support regions have successfully transformed into launchpads for the next leg up. 📈 Now the conversation shifts from breakout confirmation to momentum sustainability. The latest candles show buyers are still in control, but volatility is beginning to increase as price approaches the yellow resistance region overhead. 👀 Compared to the previous tweet, market structure remains bullish, but the battle is no longer about survival it's about whether momentum can continue accelerating from here. The green zones delivered the reaction, the breakout arrived, and now all eyes are on the yellow area above. ⚡ ⚠️ DYOR. Not financial advice. #SYN #Crypto #Bitcoin #BTC #Altcoins

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