Breaking News! SYN surges 46% in a single day, a DeFi veteran dormant for four years suddenly explodes, retail investors rush in

Today’s hottest news in the crypto world is undoubtedly the violent surge of Synapse (SYN). In the past 24 hours, its price jumped from 0.0599 USDT directly to 0.1169 USDT, with a maximum increase of nearly 100%, ultimately settling at 0.094 USDT, a single-day increase of over 46%. This veteran in the DeFi sector, dormant for four years, suddenly re-enters the public eye in such a explosive manner, completely igniting market sentiment.

Open the trading app, and SYN’s candlestick chart looks like a straight rocket pillar, with trading volume also hitting a new high: 24-hour trading volume surpassing $15.33 million, with a turnover rate of 361%. This means that almost three rounds of chips in circulation have been exchanged, with retail and short-term funds rushing in wildly. From the market perspective, this surge is entirely driven by capital, with a large amount of previously forgotten low-priced chips swept away instantly. The price is pushed up in a straight line by buy orders, even triggering temporary risk controls on exchanges at one point.

For veteran SYN players, this surge feels more like a belated salvation. SYN was once a star project in the cross-chain sector, with its peak price reaching 5.014 USDT in 2021. But it then fell into a long bear market, dropping to a low of 0.0457 USDT, a decline of over 99%. Countless early investors were trapped at the top, with almost no hope of recovery over four years. Now, with the price doubling in a day, many finally see a chance to recover their losses, and the community is filled with sentiments like “Finally, I’ve waited for you.”

But behind the celebration, risks are quietly accumulating. Currently, SYN’s circulating market cap is only $17.76 million, which is typical of small-cap coins, meaning subsequent volatility could be even more intense. From a technical perspective, after reaching a high of 0.1169 USDT, the price has already started to retreat, with short-term profit-taking frantic to escape. For ordinary investors, chasing the high requires extra caution, as small-cap tokens tend to rise and fall quickly. Once funds withdraw, it’s easy to get caught at a high position.

However, this surge has also refocused market attention on the Synapse project. As an early participant in the cross-chain field, its technical accumulation and industry resources still hold some value. If future developments include new ecological collaborations or technological upgrades, SYN might shed its “meme coin” label and move toward more sustainable trends. But before that, we need to be more alert to the risk of a correction after short-term emotional hype subsides.

In summary, SYN’s surge reflects the current warming of market sentiment. Against the backdrop of an overall bullish market, capital is frantically searching for undervalued targets, and small-cap coins are often the easiest triggers to ignite. If you’re paying attention to this trend, it’s better to look at the long-term picture, because true value investing has never been just about short-term gains.