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Synapse liquidity partner Nima Capital is suspected of selling 9 million SYN

05/09/2023 15:58

Odaily Planet Daily News Community members disclosed that Nima Capital, the first liquidity partner of Synapse and an encryption venture capital institution, dumped 9 million SYN, which caused the token price to plummet today. In March this year, Nima Capital was appointed as Synapse's first liquidity partner. According to the related proposal, Nima Capital will provide $40 million in "actively managed stablecoin liquidity for a period of 12 months." Community members pointed out that there are still 8 months left in the promised liquidity provision period, and Nima Capital withdrew the liquidity ahead of schedule. In addition, Nima Capital's website (nimacap.com) has been offline, and its X account has set message viewing permissions, which can only be viewed by approved followers. According to DeFiLlama data, the current Synapse TVL is 113 million US dollars, a 24H drop of 20%. According to CoinGecko data, Synapse (SYN) is now at $0.357355, a 13.9% drop in 24H. (Beincrypto) According to previous news, SYN fell 20% in 4 hours this morning. In response, Synapse Labs responded that a Synapse liquidity provider sold its SYN tokens today and withdrew its liquidity. Synapse is investigating the abnormal activities of these wallets and trying to get in touch with them. There are no security holes.

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