Misterioso investitore istituzionale raccoglie altcoin basato su Ethereum che ha registrato un rally del 126% quest'anno: dati on-chain

Un misterioso investitore sta raccogliendo un altcoin basato su Ethereum (ETH) il cui prezzo è più che raddoppiato finora quest'anno. Secondo i nuovi dati del servizio di tracciamento blockchain Lookonchain, un'istituzione senza nome ha speso $ 10 milioni in USD Coin (USDC) per acquistare 3.

Timeline of Synthetix-network-token

Synthetix [SNX] witnessed a major surge in its Perps V2 exchange as its daily volume reached $100 million. This indicated an increased number of investors in the network, as crypto traders often use perpetual contracts to earn passive income through funding fees.

Since the crypto market sentiment turned bearish after a few weeks of improvement, many cryptocurrency prices have retraced. Many coins have barely held their gains, while others have surrendered the past month's gains to the bears.

Synthetix's native token SNX is among the few cryptocurrencies that managed to maintain a bullish bias in the last two weeks. This, at a time when most of the top cryptos have been struggling to hold on to January gains.

Recently, Synthetix [SNX] got into the spotlight, thanks to its trading volume. Token Terminal revealed that SNX's trading volume registered a considerable uptick over the last few weeks.

The crypto market has demonstrated a healthy recovery since January 2023, and, as a result, there has been increased activity in the DeFi world. Synthetix is among the companies that are capitalizing on this recovery.

Synthetix has slowed down in 2022 in its DeFi pursuits, just like many crypto networks have during the bear market. Regardless, the network remains committed to its long-term pursuits and this was evident in its latest endeavor.

 Synthetix [SNX] managed to pull off a solid uptick by more than 10% as of 17 October. This performance meant that it had outperformed many of the top cryptocurrencies during the same period.

The crypto market has been harsh in recent times. Synthetix Network (SNX) and eCash (XEC) are struggling to post sustainable growth after suffering a downfall during the recent market crash.

Synthetix is at the cusp of a breakout after the release of new announcements on the network. The network is rolling out a proposal to cap SNX's maximum supply at a “very memorable” 300 million.

The layer-2 scaling solution Synthetix undertook some important developments this month. Often described as a “blue chip” DeFi project, Synthetix was one of the first projects to launch on the Ethereum network.