Syrup hits 2.58 billion USD TVL milestone – but here’s what’s stopping the rally

SYRUP has achieved a Total Value Locked of 2.58 billion USD, reflecting a significant increase of around 26% within 30 days. This surge signals a positive long-term outlook for the asset.

While smart money investors bought 1.56 million USD of SYRUP in one day, retail derivative traders are betting against a price rise, indicating a potential price decline. The bears’ sentiment is further reflected in a negative funding rate in the derivatives market.

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