Arthur Hayes: Loads 6.16M SYN at $0.3573

Arthur Hayes took his first SYN position, pulling 6.16 million tokens worth $2.2 million from Flowdesk at $0.3573 three hours ago.

The Synapse cross-chain protocol founder then posted that Hypercall, owned by $SYN, will challenge Deribit for options DEX dominance, adding asymmetry to his Hyperliquid ecosystem view.

Price action on the 4h chart shows SYN trading inside the Bollinger Bands and testing upper resistance at $0.44 while the MACD golden cross at 0.02 and neutral RSI of 59.33 keep the bullish structure intact above EMA50 support at $0.30, with EMA200 at $0.16 acting as deeper floor; any extension higher requires a clean break of $0.44 before volatility expands toward fresh targets.