SYN Token Surges 22% After Rebranding to CX, GPU Network Launch, and Major Buyback Announcement

SYNUSDT has experienced a significant price increase of 22.21% over the past 24 hours, with the current price at $0.1535 according to Binance. The primary drivers behind this surge include the project's rebranding from Synapse Protocol to CX, the launch of a GPU network, a 5 million token buyback announcement, and the migration of SYN tokens to CX at a 1:5.5 ratio. Additional momentum was provided by increased open interest in SYN futures, up 10.97% with over $510,000 added, and recent partnership news involving Arbitrum and Optimism. These developments have contributed to heightened trading activity and bullish sentiment, as reflected in the 24-hour trading volume of $26.72 million and a market capitalization of approximately $27.66 million. The circulating supply stands at about 182.26 million SYN, with the token showing strong recovery from recent support levels and continued volatility.