$SYN SYN (Synthetix) is a DeFi governance and utility token for the Synthetix protocol, a platform that lets users mint and trade synthetic assets like tokenized versions of crypto, stocks, fiat, and more. The price currently trades around about $0.41 USD per token — far below its all-time highs near $28+, reflecting how broader DeFi sentiment and liquidity conditions have shifted over time. SYN is used for governance votes, staking rewards, and aligning incentives within the ecosystem, and its value tends to move with DeFi activity levels and investor interest: when synthetic asset trading and protocol usage grow, demand for SYN can rise, and during weaker market phases price swings and lower trading volume are common #FedWatch #VIRBNB #USIranStandoff #SYN

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