SNX Jumps 17% After Robinhood Listing as Traders Watch Key Levels
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Synthetix (SNX) surged over 17% following its listing on Robinhood, increasing trading volume by 18% to $126 million and market cap to $123 million. Recent protocol changes on sUSD include higher staking requirements and planned buybacks, contributing to increased demand.
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- Synthetix (SNX) jumped over 17% in 24 hours after its listing on Robinhood boosted trading demand.
- Trading volume rose 18% to $126 million, pushing market cap to $123 million.
- Protocol changes around sUSD, including staking requirement increases and buyback plans.
Synthetix (SNX) surged more than 17% in the past 24 hours, trading near $0.3695 at the time of writing. Trading volume jumped 18% to $126 million, while market capitalization climbed to $123 million.
The main trigger for the move was SNX’s listing on Robinhood. The listing expanded access to retail traders and increased spot demand, pushing price and volume higher in a short time.
Despite the rally, SNX remains down nearly 98% from its all-time high of $28.77, showing that …
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