Arthur Hayes Buys $2.2 Million of Synapse’s SYN as Token Jumps 10-Fold in June
Suehyeon Lee
Summary
- Arthur Hayes bought a large amount of Synapse’s SYN token worth about $2.2 million.
- Synapse’s native token, SYN, has surged more than 10-fold in June.
- Market participants say Arthur Hayes’ large purchase could draw further investor interest to SYN.
Forecast Trend Report by Period
BitMEX co-founder Arthur Hayes has bought a large amount of Synapse’s SYN token.
Lookonchain said on June 28 that Hayes purchased 6.16 million SYN about an hour earlier. The purchase was worth about $2.2 million.
SYN is the native token of the cross-chain bridge protocol Synapse. The token has surged more than 10-fold in June.
Hayes’ purchase may fuel further investor interest in SYN even after its recent rally, market participants say.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.