A deep-pocketed investor triggered a sudden price collapse of one Ethereum (ETH)-based altcoin by swapping their token holdings to stablecoins, according to on-chain data. Blockchain tracking firm Lookonchain says that after the crypto whale sold off their large holdings of SYN, the native token of bridge protocol Synapse, the price declined from about $0.41 to The post Crypto Whale Abruptly Crashes Price of Ethereum-Based Altcoin Swapping to Stablecoins: On-Chain Data appeared first on The Daily Hodl .
