SNX

Synthetix Network Token Price Today & AI Analysis

SNXEthereumAnalysis as of Apr 21, 2026

Price

$0.2408

+0.62% 24h

Contract

Live
0xc011a73ee8576fb46f5e1c5751ca3b9fe0af2a6f

Chain

Ethereum

Holders

87.6K

Market cap

$140.01M

Liquidity

$54.24K

At a $500M market cap, $SNX would be $0.8600 (3.57x from today’s price)

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Synthetix Network Token: holders, selling & liquidity

2026-04-21 04:44 UTC

Holder addresses

82,644

Top 10 supply share

Not available

Reported liquidity

$1,085,559.77
How concentrated is Synthetix Network Token ownership?
Top-10 ownership concentration is not available in this report. The saved holder count is 82,644 addresses (2026-04-21 04:44 UTC). A holder count alone does not establish how supply is distributed.
Are large holders selling Synthetix Network Token?
This report cannot establish whether large holders are selling: it does not include wallet-level holder balances over time matched to swaps. A complete buy/sell volume observation is not available in the saved inputs. A large swap alone does not identify a large holder, and a transfer alone does not prove a sale.
Is Synthetix Network Token liquidity falling?
As of 2026-04-21 04:44 UTC, reported liquidity was $1,085,559.77. At least two timestamped liquidity observations are needed to establish a change; this report does not have them.
Sources, observations & limitations

Source: inputs saved with the report generated 2026-04-21 04:44 UTC. Original provider retrieval times and historical samples were not recorded. Legacy zero placeholders are treated as unavailable. Holder addresses are not unique people. The provider’s top-10 share is not adjusted here for pools, exchanges, burn addresses or related wallets. Sniper classifications and wallet-level holder history are unavailable. Inspect token on the block explorer.

Recent swap evidence

Swap evidence is unavailable for this report.

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Movement since report

report from Apr 21, 2026, 04:44 AM UTC

Market Cap

$101.00M

24h Volume

$4.54K

Liquidity

$1.09M

FDV

—

Holders

82,644

24h

Loading trading activity…

AI Executive Summary

Risk

High

Sentiment

Bullish

Synth sUSD is a synthetic USD stablecoin within the Synthetix ecosystem, enabling decentralized derivatives trading with leverage up to 50x and serving as collateral for various DeFi applications. Currently trading at a discount to its $1 peg with a market cap of $101M, it benefits from utility in a niche but competitive DeFi derivatives sector, though low liquidity and high holder concentration pose challenges. The token's state reflects stable but subdued activity, with minimal price volatility and sparse trading, positioning it as a functional asset in Synthetix rather than a high-growth speculative token.

Figures cited above are from the market snapshot taken when this analysis ran — Apr 21, 2026, 04:44 AM UTC. Live values may differ; the key facts at the top of the page are current.

Key points

  • Enables synthetic asset creation and trading with diverse collateral options
  • Integrated rewards for liquidity providers in decentralized perpetuals
  • Developer tools for building custom DeFi apps on Synthetix infrastructure

Synthetix Network Token AI Price Analysis

Low Confidence

Short-Term · 24h-7d

Neutral

The token has shown minimal price movement with a slight 0.74% increase over 24 hours, supported by dominant buy pressure at 83.6% but hampered by extremely low trading volume of under $5,000 total. Recent transaction data indicates sparse activity, with no buys or sells in the last 4 hours, suggesting limited momentum for significant shifts. Overall, the price is likely to remain range-bound unless volume picks up.

Medium-Term · 30d-90d

Neutral

As a synthetic stablecoin tied to Synthetix's derivatives platform, sUSD is designed for stability rather than growth, but its current discount to $1 (trading at $0.71) could see gradual reversion if platform adoption increases. Holder growth over 30 days at 0.13% points to steady interest, though high supply concentration in top holders may suppress volatility. Medium-term performance will hinge on broader DeFi market conditions and Synthetix ecosystem developments.

Bullish Factors

  • Dominant buy pressure at 83.6% with $3,799 buy volume vs $743 sell volume, indicating positive net inflow
  • Positive holder growth over 7d (12 holders) and 30d (104 holders), suggesting growing interest

Bearish Factors

  • High supply concentration with top 10 holders controlling 70%, increasing risk of price manipulation
  • Discount to peg at $0.71 vs intended $1 value, potentially signaling underlying platform issues

Disclaimer: This AI-generated prediction is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile. Always conduct your own research.

Token Info

Chain
Ethereum
Contract
0xc011...2a6f
Total Supply
—
Decimals
—

Key Risks

  • High supply concentration could lead to sudden price drops if whales sell
  • Discount to peg may indicate underlying protocol inefficiencies
  • Low trading volume heightens illiquidity during market stress

Trading Insight

bullish

Market sentiment leans bullish due to strong buy pressure at 83.6% and net inflow from higher buy volume, though overall trading activity is minimal, suggesting limited conviction. The imbalance in transactions (4 buys vs 1 sell) indicates selective accumulation, but the lack of activity in recent hours points to low market interest. This could reflect sUSD's role as a stable asset rather than a volatile trading token.

AI-generated insight. Not financial advice.

Frequently Asked Questions

Trend Analysis

Short-Term (7d)

Neutral

Medium-Term (30d)

Neutral

Short-term trend is sideways with 0% changes in 5m, 1h, and 4h periods, reflecting stability typical of a synthetic stablecoin. Medium-term, the 0.74% 24h gain is minor, and without broader chart data, it suggests consolidation around the $0.71 level. This lack of volatility aligns with sUSD's design but limits upside potential.

Momentum

Status

Neutral

Momentum is neutral given the flat price action and low volume, with no signs of overbought or oversold conditions from the provided data.

Volume Analysis

Buy

83.6%

Sell

16.4%

Volume Trend

Decreasing

Volume has trended downward, dropping to zero in the last 4 hours from a low $4,542 in 24h, which is unusually thin for the market cap and could exacerbate price swings on larger trades.

Recent Price Action

Flat consolidation with a minor uptick

This pattern typically indicates equilibrium between buyers and sellers, often preceding a breakout if volume increases, but in low-activity assets, it can persist as range-bound trading.

Key Price Levels

Immediate support

$0.71

Major support

$0.70

Immediate resistance

$0.72

Major resistance

$0.73

Immediate support at $0.71 aligns with the current price, while $0.70 represents a psychological floor; resistance at $0.72-0.73 could cap gains without volume surge, significant due to the token's discount to its $1 peg.

AI overall risk

High

Risk Score

75/100

Risk Breakdown

  • VolatilityLow

    Minimal price changes (0% in short terms) indicate low volatility, suitable for a stablecoin but atypical at current discount

  • LiquidityMedium

    Total liquidity of $1.08M supports small trades but low volume increases slippage risk for larger positions

  • ConcentrationNot assessed

    Ownership concentration cannot be assessed without a measured supply distribution.

  • Smart ContractNot assessed

    Contract or authority checks are not included in the saved provider observations.

  • RegulatoryMedium

    DeFi derivatives face scrutiny, especially with leverage, though decentralized nature mitigates some risks

Key Risks

  • High supply concentration could lead to sudden price drops if whales sell
  • Discount to peg may indicate underlying protocol inefficiencies
  • Low trading volume heightens illiquidity during market stress

Mitigating Factors

  • Established Synthetix ecosystem provides utility-driven demand
  • Positive holder growth over 30d suggests building resilience

Investor Suitability

Suitable for DeFi enthusiasts comfortable with Synthetix and seeking stable collateral, not for risk-averse or short-term traders

sUSD offers a compelling case for investors in decentralized derivatives, leveraging Synthetix's infrastructure for stable, utility-driven value. Bullish scenarios depend on DeFi adoption growth, while bearish risks stem from concentration and low activity. Base case anticipates range-bound trading with gradual peg reversion.

Scenario Analysis

Bull Case

Medium probability

Increased Synthetix adoption drives demand for sUSD, pushing price toward $1 peg

  • Rising DeFi derivatives volume
  • Protocol upgrades enhancing efficiency

Base Case

Stable trading around $0.71-0.73 with slow holder growth and minimal volatility

  • Continued low volume
  • No major Synthetix catalysts in near term

Bear Case

Medium probability

Persistent low activity and whale dumps widen the discount, leading to further devaluation

  • Declining holder growth
  • Broader DeFi market downturn

Analysis Details

Generated

Apr 21, 2026, 04:44 AM UTC

Saved observation

2026-04-21 04:44 UTC

Model Confidence

Medium

Data Snapshot

Price

$0.712506218073922226

Market Cap

$101.00M

24h Volume

$4.5K

Holders

82,644

Liquidity

$1,085,559.77

Data Sources

On-chain transaction dataHolder distribution analyticsTrading volume metricsSmart contract analysis

Limitations

  • Limited to provided data without full historical charts
  • Assumes data accuracy but cannot verify external factors like off-chain events

How we keep this honest

Every directional call on these pages is recorded before the outcome is known and scored on our public prediction track record. We apply the same standard to others: our audit of 1,581 crypto YouTube predictions found bullish calls did worse than random timing, and our memecoin pump anatomy study measured what chasing a pump actually costs.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a financial advisor before making investment decisions.

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