SNX (SNX)

$0.2284  -2.48%  24H

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  • materkel.eth 🦇🔊 FA_Analyst Influencer A
     5.85K  @materkel

    Here for the Synthetix comeback arc 😎

    Synthetix ⚔️ D
     261.49K  @synthetix

    $ETH is money

     20  3  1.28K
    Original >
    Trend of SNX after release
     Bullish
    SNX is expected to rebound, ETH continues to lead
  • Coinpedia Media Influencer D
     16.06K  @CoinpediaNews

    The latest @synthetix price prediction targets $1.45 by 2026 and $13.86 by 2030 if adoption continues to grow. Token buybacks and Layer-2 expansion remain key catalysts. Can $SNX Hit $13.86?👇 https://t.co/2oLMZeGUYT #CoinPedia #Crypto #Web3

     4  0  556
    Original >
    Trend of SNX after release
     Bullish
    SNX is projected to reach $1.45 in 2026 and $13.86 in 2030, bullish.
  • Sovereign Trader TA_Analyst B
     3.86K  @SovereignGains

    They literally pumped $SNX 30% after bro kane decided to airdrop locked $SNX to pissed off $sUSD holders who got destroyed by the depeg. It's going back down.

     0  0  534
    Original >
    Trend of SNX after release
     Bearish
    SNX has risen 30% and is expected to pull back
  • Genzo Trader TA_Analyst C
     248.45K  @CryptoGenzo

    $SNX Exit pump yapsa da vedalaşsak https://t.co/1vQ0bjPl1y

     64  8  25.03K
    Original >
    Trend of SNX after release
     Bearish
    The author hopes SNX will have a short‑term rally to sell and exit, even though it rose 16.08% that day.
  • 2Lambroz 🐑 (🧑‍🍳🥩🤌) DeFi_Expert Trader C
     31.79K  @2lambro
    2Lambroz 🐑 (🧑‍🍳🥩🤌) DeFi_Expert Trader C
     31.79K  @2lambro

    prob best way to retire $sUSD at 0.25 already SIP-423 lets sUSD holders redeem at $1 par value paid in newly minted $SNX tokens (4 SNX per $1 sUSD with some lock up). 46.7M sUSD × 4 = 187M new SNX on a 345M supply. ~52M of those will eventually hit the real float (~29% increase). low perps fees last 7 days, low buyback pressure absorbing the dilution...? Governance vote June 26.

     10  2  2.51K
    Original >
    Trend of SNX after release
     Bullish
    SNX will generate about 187 million new tokens due to sUSD redemption, with limited short‑term dilution, worth watching.
  • The Defiant Media Influencer D
     363.44K  @DefiantNews

    A follow-up to this story earlier today: In a detailed thread, @kaiynne takes the full blame for the "mismanagement" that led to the sUSD depeg. More here: https://t.co/8f0hmwUQBE

    The Defiant Media Influencer D
     363.44K  @DefiantNews

    Synthetix governance votes to retire sUSD stablecoin entirely under SIP-423, converting all holdings to vested SNX at a 4:1 ratio. Technical implementation SIP-424 pending. Read more here: https://t.co/xJmMJwlTNM

     19  2  5.90K
    Original >
    Trend of SNX after release
     Bullish
    SNX will receive a 4:1 conversion from sUSD, boosting holding value
  • Cilinix Technical_Analysis B
     5.46K  @cilinixcrypto

    No way this is true right? $SNX will die 100%

    Markets Alpha D
     2.17K  @MarketsAlpha

    Kain (@kaiynne), the founder of Synthetix $SNX, a project that reached an ATH market cap of roughly $3B a few years ago, just announced the approval of a proposal to deprecate sUSD, Synthetix’s stablecoin. https://t.co/yiF4ZN354o This comes after a sustained depeg that began in March 2025, and only months after Synthetix said sUSD would remain its foundational stablecoin and targeted restored peg stability by the end of Q2 2026. sUSD holders will be compensated with 4 $SNX for each sUSD, which is around $0.94 at current prices, without taking into account SNX liquidity. Since sUSD circulating supply is 69.8M units, this proposal could mint up to an additional 279.4M new $SNX ($65.4M at current prices), with a 1-year lockup + 1-year vesting. For context, the current $SNX market cap is $81M and this proposal could increase total SNX supply by more than 80%.

     1  0  1.58K
    Original >
    Trend of SNX after release
     Extremely Bearish
    Synthetix proposes to issue additional SNX to compensate sUSD holders, which could increase SNX supply by about 80% and spark fears of the token price collapsing to zero.
  • VietnamPenguin Derivatives_Expert OnChain_Analyst S
     3.82K  @VietnamPenguin

    BTW, Synthetix raised ~$65M across 7 rounds. Infinex sold ~63% of its token supply for ~$72M through direct sales, vouchers, patron rounds and whatever other packaging was needed. Today, almost every investor is underwater (including $INX + $SNX secondary market buyers). Maybe the real product was fundraising all along.

    Markets Alpha D
     2.17K  @MarketsAlpha

    Kain (@kaiynne), the founder of Synthetix $SNX, a project that reached an ATH market cap of roughly $3B a few years ago, just announced the approval of a proposal to deprecate sUSD, Synthetix’s stablecoin. https://t.co/yiF4ZN354o This comes after a sustained depeg that began in March 2025, and only months after Synthetix said sUSD would remain its foundational stablecoin and targeted restored peg stability by the end of Q2 2026. sUSD holders will be compensated with 4 $SNX for each sUSD, which is around $0.94 at current prices, without taking into account SNX liquidity. Since sUSD circulating supply is 69.8M units, this proposal could mint up to an additional 279.4M new $SNX ($65.4M at current prices), with a 1-year lockup + 1-year vesting. For context, the current $SNX market cap is $81M and this proposal could increase total SNX supply by more than 80%.

     50  3  9.32K
    Original >
    Trend of SNX after release
     Extremely Bearish
    The deprecation of sUSD by Synthetix will mint more than 80% additional SNX, creating massive dilution pressure on SNX price and sharply reducing project revenue.
  • Ericonomic OnChain_Analyst Trader B
     73.00K  @ericonomic
    Markets Alpha D
     2.17K  @MarketsAlpha

    Kain (@kaiynne), the founder of Synthetix $SNX, a project that reached an ATH market cap of roughly $3B a few years ago, just announced the approval of a proposal to deprecate sUSD, Synthetix’s stablecoin. https://t.co/yiF4ZN354o This comes after a sustained depeg that began in March 2025, and only months after Synthetix said sUSD would remain its foundational stablecoin and targeted restored peg stability by the end of Q2 2026. sUSD holders will be compensated with 4 $SNX for each sUSD, which is around $0.94 at current prices, without taking into account SNX liquidity. Since sUSD circulating supply is 69.8M units, this proposal could mint up to an additional 279.4M new $SNX ($65.4M at current prices), with a 1-year lockup + 1-year vesting. For context, the current $SNX market cap is $81M and this proposal could increase total SNX supply by more than 80%.

     119  16  33.96K
    Original >
    Trend of SNX after release
     Extremely Bearish
    Synthetix will deprecate sUSD and issue over 80% additional SNX as compensation, constituting a major bearish factor for SNX.
  • Eldar FA_Analyst DeFi_Expert A
     2.17K  @eldarcap

    A least some recognition that there was a death spiral risk with endogenous collateral for $sUSD. But not sure exactly How 420 saved it from it or actually played any good part in anything. The design was even worse for sUSD and don’t know what it really did for ethereum:0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f. While I admire the grit, I think there is a very low chance that @synthetix ever become relevant again in perp Space in the face of @Lighter_xyz and @HyperliquidX. $SNX is still way overvalued at current state of things.

    kain.inx Founder DeFi_Expert C
     144.51K  @kaiynne

    There is no good news here, the implementation of the 420-pool very likely saved the protocol from a death spiral at the cost of the sUSD peg. But sUSD is the responsibility of SNX holders so sUSD holders will be made whole with SNX.

     1  0  669
    Original >
    Trend of SNX after release
     Bearish
    SNX is overvalued, outlook bleak, sUSD risk remains.