SYN Token Surges 14% as Perpetual Futures Launches and Cortex Protocol Rebrand Drive Volume Up 977%

SYNUSDT experienced a significant 14.03% price increase over the past 24 hours, rising from 0.0884 to 0.1008 on Binance. This price movement is primarily attributed to recent major announcements, including the listing of SYNUSDT perpetual futures on Bitget (effective August 22, 2024) and the upcoming launch of a USDⓈ-M SYN Perpetual Contract on Binance Futures (starting August 16, 2024), both offering up to 50x leverage. Additionally, the protocol’s rebranding from Synapse (SYN) to Cortex Protocol (CX), along with the SYN-to-CX token migration and the introduction of the Cortex AI Agent, have contributed to heightened market interest and trading activity. Over the last 24 hours, SYNUSDT saw a trading volume surge, with aggregated volume increasing by 977.06% in a 10-minute interval and a 24-hour trading volume ranging from $6.23 million to $6.58 million, while the current price on Binance stands at 0.1008. The circulating supply is approximately 182.16 million SYN, with a market cap between $16.19 million and $17.62 million.