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Synapse
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LucidHoang
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šŸ“ˆ **HKEX Launches Synapse for Smart Contract Settlement** šŸ¤ šŸ¦ The Hong Kong Exchange (HKEX) is introducing Synapse, a smart contract-based settlement platform, aimed at streamlining post-transaction processes and enhancing operational efficiency. šŸŒ Synapse will be deployed on HKEX's Stock Connect, granting access to over 1,000 mainland Chinese stocks through Hong Kong. #HKEX #Synapse #SmartContracts #StockConnect #FinancialInnovation #BlockchainTechnology
šŸ“ˆ **HKEX Launches Synapse for Smart Contract Settlement** šŸ¤
šŸ¦ The Hong Kong Exchange (HKEX) is introducing Synapse, a smart contract-based settlement platform, aimed at streamlining post-transaction processes and enhancing operational efficiency.
šŸŒ Synapse will be deployed on HKEX's Stock Connect, granting access to over 1,000 mainland Chinese stocks through Hong Kong.
#HKEX #Synapse #SmartContracts #StockConnect #FinancialInnovation #BlockchainTechnology
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Bearish
šŸšØ Significant $SYN Token Liquidation šŸšØ Approximately six hours ago, a significant holder executed a substantial sell-off, divesting their entire holding of 9 million #SYN tokens for a total of 2.35 million #USDC , transacted at a unit price of $0.26 per SYN token. This sizable sale event precipitated a noteworthy decline in the SYN token's valuation, resulting in an approximate 25% reduction in its market price. The aforementioned whale initially received a substantial influx of 10 million SYN tokens, equivalent to a valuation of approximately $3.4 million, from the " #Synapse : Executor 2" wallet on April 5th. At present, their SYN token balance stands at zero, indicating a complete divestment of this asset. For reference, the associated wallet address is: 0x4dF9507aDe8764bc12ba89334d0d281484aC473f $USDC šŸ™ Please FOLLOW, LIKE & SHARE šŸ™
šŸšØ Significant $SYN Token Liquidation šŸšØ

Approximately six hours ago, a significant holder executed a substantial sell-off, divesting their entire holding of 9 million #SYN tokens for a total of 2.35 million #USDC , transacted at a unit price of $0.26 per SYN token. This sizable sale event precipitated a noteworthy decline in the SYN token's valuation, resulting in an approximate 25% reduction in its market price.

The aforementioned whale initially received a substantial influx of 10 million SYN tokens, equivalent to a valuation of approximately $3.4 million, from the " #Synapse : Executor 2" wallet on April 5th. At present, their SYN token balance stands at zero, indicating a complete divestment of this asset.

For reference, the associated wallet address is: 0x4dF9507aDe8764bc12ba89334d0d281484aC473f

$USDC

šŸ™ Please FOLLOW, LIKE & SHARE šŸ™
#Synapse offers a cross-chain messaging framework for devs to build truly cross-chain applications, With support over 16 different EVM/non-EVM #blockchains #SYN is a battle-tested infrastructure that offers fast and secure bridging. Check out my recent article for more details."
#Synapse offers a cross-chain messaging framework for devs to build truly cross-chain applications, With support over 16 different EVM/non-EVM #blockchains #SYN is a battle-tested infrastructure that offers fast and secure bridging. Check out my recent article for more details."
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Bullish
Group of Smart Money is accumulating a huge amount ofĀ Ā , earned a lot of profits withĀ $SYN Ā , but has sold a portion of their holdings inĀ $LDOĀ . šŸ‘‡ Here is šŸ”„ Weekly report (Feb 24 - Mar 1) of top 10 tokens accumulated by Smart Money, regarding of net volume: 1.Ā #Synapse Ā - $854.9K 2.Ā #AXL Ā - $812.8K 3. $NEXO - $690.2K 4.Ā #LDO Ā - $611.1K 5.Ā #AltLayer Ā - $513.4K 6. $SHU - $380.9K 7. $uC72 - $340.7K 8. $wCOM - $329.4K 9. $DOG - $311.8K 10. $SAVM - $246.2K * $SYN - One wallet with the address 0xf806 purchased $178.4K worth of SYN on Feb 27 at an average price of $0.8958. - Currently, the price of SYN is $1.12, representing a surge of +25%. - Full Maker address: 0xf80642eb48d9e4ab64053690aa4f6e96254451ce *Ā $AXL -Ā #AxelarĀ has surged +60% (from 1.5 to 2.4) due to Binance listing news, currently trading at ~1.95. - One wallet from our data has been bought before it pumped, with unrealized profits at $116.4K. - The number of whale wallets holding AXL has increased, specifically, added 4 wallets buying more +5.52M AXL ~ +$10.6M. * LDO - There is also active trading happening in LDO. - In the past 7D, they have accumulated 120.8K LDO ~ $406.2K, avg. price = $3.37 šŸ“ˆ Position at 00:00 UTC today with Realized PnL: -$929.3K & Unrealized PnL: $1.85M. - LDO is currently in a strong contention area, with continuous buying and selling occurring even with small price fluctuations. The overall trend is dominated by buying. #TrendingTopic
Group of Smart Money is accumulating a huge amount ofĀ Ā , earned a lot of profits withĀ $SYN Ā , but has sold a portion of their holdings inĀ $LDOĀ . šŸ‘‡

Here is šŸ”„ Weekly report (Feb 24 - Mar 1) of top 10 tokens accumulated by Smart Money, regarding of net volume:

1.Ā #Synapse Ā - $854.9K
2.Ā #AXL Ā - $812.8K
3. $NEXO - $690.2K
4.Ā #LDO Ā - $611.1K
5.Ā #AltLayer Ā - $513.4K
6. $SHU - $380.9K
7. $uC72 - $340.7K
8. $wCOM - $329.4K
9. $DOG - $311.8K
10. $SAVM - $246.2K

* $SYN
- One wallet with the address 0xf806 purchased $178.4K worth of SYN on Feb 27 at an average price of $0.8958.
- Currently, the price of SYN is $1.12, representing a surge of +25%.
- Full Maker address: 0xf80642eb48d9e4ab64053690aa4f6e96254451ce

*Ā $AXL
-Ā #AxelarĀ has surged +60% (from 1.5 to 2.4) due to Binance listing news, currently trading at ~1.95.
- One wallet from our data has been bought before it pumped, with unrealized profits at $116.4K.
- The number of whale wallets holding AXL has increased, specifically, added 4 wallets buying more +5.52M AXL ~ +$10.6M.

* LDO
- There is also active trading happening in LDO.
- In the past 7D, they have accumulated 120.8K LDO ~ $406.2K, avg. price = $3.37 šŸ“ˆ Position at 00:00 UTC today with Realized PnL: -$929.3K & Unrealized PnL: $1.85M.
- LDO is currently in a strong contention area, with continuous buying and selling occurring even with small price fluctuations. The overall trend is dominated by buying.

#TrendingTopic
$SYN Update: TheĀ SYNĀ support level atĀ $1.12Ā has been successfully defended. If the price maintains this level, the first target is the recently broken local support level atĀ $1.33, which is now acting as resistance. Breaking this resistance and the price moving above theĀ $1.33Ā level paves the way for further increases. Good luck with your trading! .................................................................................... Key Levels and Targets #Synapse 1. Resistance Levels: The current price is heading towards retesting the resistance at $1.7. šŸš€šŸ“ˆ If this resistance is successfully breached, the next target lies at $2.34. 2. Key Resistance Zone: Beyond the immediate resistance, thereā€™s a crucial level in the vicinity of $2.76 to $3. This zone represents a substantial barrier that #SYN to overcome for further bullish momentum. 3. Local Support Levels: The nearest local support can be found around $1.33 to $1.3. A bounce from this support area could provide a foundation for potential upward movement. PleaseĀ observe the breakout above the resistance at $1.7, which may pave the way for further growth. šŸš€šŸ“ˆ Good luck with your trading šŸš€šŸ“ˆ #TrendingTopic #BullorBear #BinanceLaunchpool
$SYN

Update:

TheĀ SYNĀ support level atĀ $1.12Ā has been successfully defended. If the price maintains this level, the first target is the recently broken local support level atĀ $1.33, which is now acting as resistance.
Breaking this resistance and the price moving above theĀ $1.33Ā level paves the way for further increases.
Good luck with your trading!

....................................................................................
Key Levels and Targets #Synapse

1. Resistance Levels:

The current price is heading towards retesting the resistance at $1.7. šŸš€šŸ“ˆ

If this resistance is successfully breached, the next target lies at $2.34.

2. Key Resistance Zone:

Beyond the immediate resistance, thereā€™s a crucial level in the vicinity of $2.76 to $3.
This zone represents a substantial barrier that #SYN to overcome for further bullish momentum.

3. Local Support Levels:

The nearest local support can be found around $1.33 to $1.3.
A bounce from this support area could provide a foundation for potential upward movement.

PleaseĀ observe the breakout above the resistance at $1.7, which may pave the way for further growth. šŸš€šŸ“ˆ

Good luck with your trading šŸš€šŸ“ˆ
#TrendingTopic #BullorBear #BinanceLaunchpool
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