Synthetix (SNX) news: what is happening today
Market summary from our own Hyperliquid data · updated 2026-07-25 04:14 UTC
Synthetix climbs 8.54% in a month, as our model stays defensive
Synthetix is up 8.54% over a month. What follows is what sits behind that move: large-wallet positioning, derivatives, our own model.
What matters on Synthetix right now?
Our own rules-based model reads Synthetix at 43/100, which is SELL territory. What stands out right now:
- The trend still points downPrice is below the 50-day average and below the 200-day; the two are 24.64% apart.
- Synthetix is parked in the lower third of its 90-day range14% of the way up a 90-day range that runs $0.1912 to $0.3754.
- Where the leverage sitsFunding runs at 10.95% a year — longs pay shorts, with $770 K of open interest.
What does the Synthetix data show?
1. The trend still points down
Price trades below its 50-day average and below its 200-day, with the two averages 24.64% apart. Market structure is still making lower highs and lower lows. The most recent daily candle pattern is three black crows. RSI (14) is 43.8.
2. Synthetix is parked in the lower third of its 90-day range
Synthetix is 14% of the way up its 90-day range, which runs from $0.1912 to $0.3754; over 30 days the market is +8.54%. The same headline number means something different at the top of a range than at the bottom — which is why position is worth naming.
3. Where the leverage sits
Perpetual funding runs at 10.95% annualised, so longs are paying shorts to keep their positions open. Funding is a crowding tax: the more one-sided the book, the more it costs to stay on that side, and the more likely the weakest hands there get squeezed out. Open interest stands at $770 K — that is the size of the leveraged book that has to be closed eventually.
What has already happened to Synthetix?
June 2026
- Synthetix moved +20.48% in a day, 6.0× its 30-day volatility30-day standard deviation of daily returns 3.40%+20.48%
- Synthetix closed at a 365-day low of $0.2007Previous trough of the 365-day window $0.2190, undercut by 8.37%−8.37%
- Synthetix closed at a 365-day low of $0.2190Previous trough of the 365-day window $0.2291, undercut by 4.38%−4.38%
- Synthetix closed at a 180-day low of $0.2344Previous trough of the 180-day window $0.2576, undercut by 9.01%−9.01%
- Synthetix closed at a 180-day low of $0.2576Previous trough of the 180-day window $0.2692, undercut by 4.31%−4.31%
February 2026
- SNX traded $3.5 M, 7.9× its 30-day median volume while price moved +0.89%30-day median volume $435 K+0.89%
- SNX open interest rose 71.08% to $2.0 M while price moved +5.77%: new longs buildingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions+5.77%
- Synthetix moved +15.56% in a day, 3.2× its 30-day volatility30-day standard deviation of daily returns 4.88%+15.56%
- SNX traded $2.5 M, 8.9× its 30-day median volume while price moved +15.56%30-day median volume $285 K+15.56%
- Synthetix closed at a 180-day low of $0.2800Previous trough of the 180-day window $0.3279, undercut by 14.63%−14.63%
- Synthetix moved −14.63% in a day, 3.0× its 30-day volatility30-day standard deviation of daily returns 4.83%−14.63%
- Synthetix closed at a 180-day low of $0.3342Previous trough of the 180-day window $0.3580, undercut by 6.64%−6.64%
Show the earlier history (28 more entries)
January 2026
- Synthetix closed at a 180-day low of $0.3580Previous trough of the 180-day window $0.3879, undercut by 7.71%−7.71%
December 2025
- Synthetix closed at a 180-day low of $0.3891Previous trough of the 180-day window $0.4012, undercut by 3.00%−3.00%
- Synthetix closed at a 180-day low of $0.4012Previous trough of the 180-day window $0.4233, undercut by 5.22%−5.22%
- Synthetix closed at a 90-day low of $0.4233Previous trough of the 90-day window $0.4385, undercut by 3.46%−3.46%
- Synthetix closed at a 90-day low of $0.4385Previous trough of the 90-day window $0.4591, undercut by 4.49%−4.49%
- Synthetix closed at a 90-day low of $0.4591Previous trough of the 90-day window $0.4757, undercut by 3.51%−3.51%
- Synthetix closed at a 90-day low of $0.4790Previous trough of the 90-day window $0.5011, undercut by 4.41%−4.41%
- Synthetix closed at a 90-day low of $0.5116Previous trough of the 90-day window $0.5411, undercut by 5.46%−5.46%
November 2025
- SNX traded $4.0 M, 3.2× its 30-day median volume while price moved −2.51%30-day median volume $1.3 M−2.51%
- Synthetix closed at a 90-day low of $0.5647Previous trough of the 90-day window $0.5847, undercut by 3.42%−3.42%
- Synthetix closed at a 90-day low of $0.5847Previous trough of the 90-day window $0.6242, undercut by 6.32%−6.32%
October 2025
- SNX traded $21.5 M, 3.3× its 30-day median volume while price moved +3.93%30-day median volume $6.5 M+3.93%
- SNX traded $26.5 M, 6.5× its 30-day median volume while price moved −16.59%30-day median volume $4.1 M−16.59%
- Synthetix closed at a 90-day high of $2.294Previous peak of the 90-day window $1.708, exceeded by 34.37%+34.37%
- Synthetix closed at a 90-day high of $1.708Previous peak of the 90-day window $1.273, exceeded by 34.15%+34.15%
- SNX open interest rose 169.37% to $29.6 M while price moved +80.93%: new longs buildingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions+80.93%
- Synthetix moved +80.93% in a day, 7.2× its 30-day volatility30-day standard deviation of daily returns 11.29%+80.93%
- SNX open interest fell 55.17% to $9.7 M while price moved −19.76%: longs unwindingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions−19.76%
- SNX traded $19.4 M, 8.3× its 30-day median volume while price moved −19.76%30-day median volume $2.3 M−19.76%
- SNX traded $2.4 M, 16.8× its 30-day median volume while price moved −2.03%30-day median volume $146 K−2.03%
- Synthetix closed at a 90-day high of $1.273Previous peak of the 90-day window $1.121, exceeded by 13.49%+13.49%
September 2025
- SNX traded $8.8 M, 80.3× its 30-day median volume while price moved +0.37%30-day median volume $110 K+0.37%
- Synthetix closed at a 90-day high of $1.121Previous peak of the 90-day window $1.047, exceeded by 7.15%+7.15%
- Synthetix closed at a 90-day high of $1.047Previous peak of the 90-day window $0.9157, exceeded by 14.30%+14.30%
- SNX open interest rose 147.20% to $15.3 M while price moved +31.79%: new longs buildingCompared with a point 1 day(s) earlier; rule: price and open interest moving together means new positions+31.79%
- Synthetix closed at a 90-day high of $0.9157Previous peak of the 90-day window $0.7702, exceeded by 18.90%+18.90%
- Synthetix moved +38.92% in a day, 7.2× its 30-day volatility30-day standard deviation of daily returns 5.41%+38.92%
August 2025
- Synthetix moved +20.43% in a day, 3.9× its 30-day volatility30-day standard deviation of daily returns 5.19%+20.43%
Entries are produced by the Spottrench algorithm from Hyperliquid data.
What is next for Synthetix?
Dates we can verify and levels that would change the read on Synthetix. No project roadmaps here — only schedules that exist on-chain or in the company calendar, and thresholds measured from our own data.
Unlock schedule from DefiLlama; earnings dates from the company calendar.
The bottom line
Pulling it together, our combined signal reads SELL (43/100, where 50 is neutral). On the last closed day Synthetix fell 0.06% against a category median of +0.00%, with 88 of 177 markets in the category closing lower. We do not claim to know why Synthetix moved — everything above is measurement, not a cause.
Frequently asked questions
What is the latest news on Synthetix?
The most recent development we recorded is: The trend still points down (2026-07-25). This page is a dated log computed from market data rather than a press feed — every entry is a measurement with the date it happened.
How often is the Synthetix page updated?
Once a day: it is recomputed after the daily candle closes, and the time of the last update is printed at the top of the page. Log entries are dated by the day the event happened, not the day we published it.
Where does the Synthetix data on this page come from?
From Hyperliquid directly: daily candles, open interest, funding and the on-chain positions of active large wallets. Nothing here is copied from another site's article, and no language model writes the text — the wording is generated from the numbers by fixed rules.
Is this Synthetix page investment advice?
No. It is an algorithmic summary of measured market data from Hyperliquid — price moves, positioning, derivatives and our own model. It is not investment advice and past performance does not guarantee future results.
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