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SYRUP Token Rally Backed by Smart Investors – But Risks Remain
SYRUP Price– Maple Finance’s native token, SYRUP, posted a 3.34% gain in the past 24 hours, pushing its monthly performance to over 40%. This notable uptrend coincides with rising liquidity inflows into the protocol, indicating growing investor interest. However, not every market participant seems convinced of a continued rally.
Liquidity Inflows Hit Record Highs
According to DeFiLlama, Maple Finance’s Total Value Locked (TVL) surged to an all-time high of $2.588 billion on July 5. Over the last 30 days, the protocol’s TVL increased by 26%, underlining a consistent capital inflow into SYRUP. Much of this liquidity has come from both retail and institutional investors.
Smart money behavior further supports this trend. As reported by Nansen, “smart money accumulated $1.56 million worth of SYRUP in a single day,” bringing the total to $5.6 million for the week. These investors are known for buying low and holding long-term, and their recent wallet activity suggests they’re expecting more upside.
Spot Market Buys, Derivatives Show Doubt
CoinGlass data confirms that Maple Finance has experienced four consecutive days of net inflows into private wallets—approximately $1.2 million worth—highlighting long-term conviction from spot market participants.
Still, the derivatives market paints a different picture. The Open Interest Weighted Funding Rate fell to -0.0104%, indicating increased short positioning and bearish sentiment. If this trend persists, SYRUP could face a short-term pullback.
Price Structure Hints at Potential Breakout
At press time, SYRUP was trading inside a symmetrical triangle—typically a bullish continuation pattern. The price hovered near support at $0.5344, which could act as a launching pad if broader market sentiment turns favorable.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
