Bitwise News: The Synapse price surged significantly after Arthur Hayes increased his holdings. Hayes bought 6.16 million Syn tokens worth approximately $2.2 million. Previously, Syn had already been performing strongly in June. Market data shows the token is currently trading at around $0.6474, up more than 56% over the past 24 hours. This rally has pushed the market cap to nearly $150.43 million, with daily trading volume exceeding $213 million. Traders are watching to see whether this breakout can continue into the $1 zone, or whether it will pull back after a high-profile catalyst. Hayes’s support has given Syn a new narrative, especially amid the current weakness in the crypto market.