It was a Friday, and the world of Maple Finance was abuzz with the kind of excitement usually reserved for a Jeeves and Wooster reunion. The SYRUP token, that delightful little number, had risen by a modest 1.50%, but oh, what a rise it was! On-chain data, those digital tea leaves, suggested that the smart money investors, those cunning chaps, were snapping up the recent dip like it was the last slice of cake at a garden party.
The SYRUP token, now trading at a sprightly $0.5365, had managed to climb slightly above this week’s low of $0.4912. It’s been quite the journey, you see, with the token surging over 520% from its lowest point this year, bringing its market capitalization to a rather impressive $638 million. One can almost hear the collective gasp of the financial world, followed by a polite round of applause.
According to Nansen data, the smart money investors, those shrewd fellows with more money than sense, have been accumulating SYRUP like it’s going out of style. They’ve purchased tokens worth a cool $3.13 million over the past seven days, making SYRUP the most bought token during this period. It’s enough to make one wonder if they’ve all been reading the same financial tea leaves, or perhaps they’ve just developed a taste for the sweet stuff.
Further Nansen data reveals that the top 100 addresses have increased their holdings by a respectable 10% in the last week, now totaling 1.07 billion tokens. Whale holdings, those massive blocks of tokens held by the financial elite, have also risen by 4% to 9.27 million, while the number of SYRUP tokens on exchanges has dropped by 1.7% to 262 million. It’s a veritable feast of financial maneuvering, and one can almost hear the clinking of champagne glasses in the background.
Whales and smart money investors, those financial wizards, are likely buying because of the platform’s ongoing growth. Data show that the total value locked has jumped to $2.8 billion, up from a mere $540 million as of January 1. Active loans on the platform now exceed $1.2 billion, while protocol revenue has surged. Maple Finance has already generated $4 million in revenue this year, well above the $2.5 million it earned for all of last year. It’s enough to make one’s head spin, and perhaps one’s wallet bulge a bit more.
In 2024, Maple generated slightly below $2.5M in protocol revenue in 12 months. We are already above $4M halfway through 2025.
Accelerate.
— Maple (@maplefinance) July 2, 2025
SYRUP Price Technical Analysis
The daily chart, that financial crystal ball, shows that Maple Finance formed a double bottom at $0.089 in February and April. It broke above the neckline at $0.1930 in May and went parabolic as whales and smart money piled in. It’s a bit like watching a fireworks display, with each new high more spectacular than the last.
SYRUP has moved above the 50-day moving average and formed an ascending channel. The Relative Strength Index and the MACD indicators have continued rising, suggesting that the bulls are in full charge. Therefore, the coin will likely continue rising as bulls target the key resistance at $0.6575, its highest point this year. This price is about 22% above the current level. A move above that price will point to more gains to $1. It’s enough to make one reach for the nearest ticker tape and start a parade.
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2025-07-04 22:43