June 30, 2026·Bearish·onchain activity

Large SYN Transfers to Kraken Trigger 30% Price Drop

A wallet transferred 480,000 SYN to Kraken one hour ago, following a previous transfer 16 hours ago that caused the price to drop from $0.65 to $0.45. The wallet still holds 3.1 million SYN, raising concerns about further sell pressure.

Detected & updated continuously · Source: Ruma

Mentioned

Synapse (syn)

@krakenfx

Sources

@nehalzzzz1

After the $SYN transfer to Kraken 16 hours ago, price dropped from $0.65 to $0.45. Another 480K $SYN was moved 1 hour ago. The wallet still holds 3.1M $SYN, with no further transfers in the past hour. https://t.co/ITuN1pZB0t