Whale Loses $216K After Depositing 1.068M Synthetix Tokens into Exchange
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 22 2024Whale Transaction: A whale deposited 1.068 million SNX tokens into Binance, incurring a loss of $216,000, after previously withdrawing the same amount at a higher price earlier this year.
Synthetix Developments: Synthetix launched Andromeda, integrating Core V3 and Perps V3 to enhance its protocol for a cross-chain future, while analysts maintain a bullish outlook despite recent price corrections.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
