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.
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"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.
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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.
