Framework Ventures Boosts Stake In Synthetic Protocol Amid Price Decline

The Synthetic protocol, represented by its native token $SNX, has experienced a notable decline of 41% over the past month. However, there’s a glimmer of optimism as the price of $SNX saw a modest 2% increase today.  In a move that reflects confidence in the project’s long-term potential, Framework Ventures, a notable investor in Synthetix, deposited an additional 2 million SNX tokens to Coinbase Prime, totaling $5.84 million at a price of $2.924 per token. Framework Ventures 0xa5f, the largest institutional SNX-holding wallet, deposited 2M $SNX ($5.85M) to #Coinbase at $2.92 ~7hrs ago. Notably, @hiFramework was an investor and received

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