The DeFi protocol also launched an in-house perpetuals trading app.

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Framework Ventures, a major early investor in Synthetix and the largest institutional holder of its native token SNX, has deposited 6.5 million SNX (valued at $19.5 million) to Coinbase just three hours ago. This move has drawn attention as it highlights Framework’s active management of its holdings in the Synthetix ecosystem. Before this deposit, Framework Ventures held 7.1% of SNX’s total circulating supply, reaffirming its significant stake in the project. The firm still retains 17.9 million SNX tokens, worth approximately $54 million, all of which remain vested. Synthetic 早期投资机构 Framework Ventures 在 3 小时前向 #Coinbase 充值了 650 万枚 $SNX ，价值

The post Framework Ventures Deposits $19.5M In SNX To Coinbase, Signaling Potential Profit appeared first on The Merkle News.

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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

The post Framework Ventures Boosts Stake In Synthetic Protocol Amid Price Decline appeared first on The Merkle News.

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However, SNX withdrawals from Synthetix pools picked up momentum during the price boom.

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