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SNX Jumps 17% After Robinhood Listing as Traders Watch Key Levels

4d ago
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  • Synthetix (SNX) jumped over 17% in 24 hours after its listing on Robinhood boosted trading demand.
  • Trading volume rose 18% to $126 million, pushing market cap to $123 million.
  • Protocol changes around sUSD, including staking requirement increases and buyback plans.

Synthetix (SNX) surged more than 17% in the past 24 hours, trading near $0.3695 at the time of writing. Trading volume jumped 18% to $126 million, while market capitalization climbed to $123 million.

The main trigger for the move was SNX’s listing on Robinhood. The listing expanded access to retail traders and increased spot demand, pushing price and volume higher in a short time.

Despite the rally, SNX remains down nearly 98% from its all-time high of $28.77, showing that …

Read The Full Article SNX Jumps 17% After Robinhood Listing as Traders Watch Key Levels On Coin Edition.

4d ago
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bearish:

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