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Cryptopolitan 2023-09-05 15:30:22

Nima Capital dumps SYN tokens, shakes DeFi trust foundations

Nima Capital, a long-term financing partner of the Synapse cross-chain bridge, dumped over 9 million SYN tokens. The move sent the token’s value plummeting by 20%, hitting a multi-week low of $0.30. The firm also withdrew all stablecoin liquidity from the bridge. Later in the day, the token recovered slightly, settling above $0.35. Synapse X, ... Read more

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