SYN Token Surges 22.57% After Rebranding, GPU Network Launch, and 5M Token Buyback

Synapse (SYN/USDT) has experienced a significant 22.57% price increase in the last 24 hours, rising from 0.1245 to 0.1526 USDT on Binance. This surge is primarily attributed to the recent rebranding of Synapse Protocol to Cortex (CX), the launch of a GPU network, a 5 million token buyback, and a notable increase in open interest for SYN futures. These developments have driven strong bullish sentiment, as evidenced by a 485.20% spike in trading volume and dominant buy pressure. Currently, SYN is trading at 0.1526 USDT with a 24-hour volume of approximately $26.72 million, reflecting heightened market activity and renewed investor interest following the protocol’s strategic updates.