Synapse (SYN) saw a massive surge in trading volume on the Dutch exchange Bitvavo on June 29, 2026, after a wallet linked to BitMEX founder Arthur Hayes purchased 6.16 million tokens.
The transaction, valued at approximately $2.2 million, was executed at an average price of $0.357 per token, according to reports from newsbit.
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Following the purchase, SYN became the fourth most traded cryptocurrency of the week on Bitvavo, trailing only Bitcoin, Ethereum, and XRP.
The token rallied nearly 191% over the week, climbing from €0.19 to €0.55. Its 30-day growth reached 2,291% from a low of €0.023.
Hayes Endorses Synapse's Hypercall Platform
The momentum accelerated after Hayes publicly endorsed Hypercall, an options trading platform developed by the Synapse team that settles transactions via the Hyperliquid derivatives platform.
"I still want to be long the Hyperliquid ecosystem but I need some asymmetry. It’s time for an options dex to properly take on Deribit.
Hypercall, owned by $SYN, is that challenger. Let’s see if they can cook," Hayes stated.
Despite the recent rally, SYN remains more than 90% below its all-time high of $4.92, reached in 2021.
Bitvavo demographic data shows that investors aged 30 to 44 were the primary drivers of the trading activity, accounting for 64% of the platform's total volume during the week.
