SYN Token Surges 40% Amid Cortex Protocol Migration, Trading Volume Hits $123.99M on Binance

Synapse (SYN/USDT) experienced a significant price increase of 40% over the last 24 hours, rising from 0.1360 to 0.1904 on Binance. This sharp movement is primarily attributed to heightened trading activity and market attention surrounding the ongoing migration of the SYN token to the Cortex Protocol (CX) at a 1:5.5 ratio, which has been a central topic in community discussions. The migration event has driven both speculative trading and increased volatility, as reflected in the 24-hour trading volume, which reached as high as $123.99 million across platforms. Despite the absence of major news announcements, technical analyses have highlighted both bearish and bullish signals, with traders closely monitoring key support and resistance levels amid the migration process. The current market capitalization is estimated at approximately $28.11 million, with a circulating supply of about 181.77 million SYN tokens, underscoring the asset’s high volatility and active trading environment.