SYRUP Token Surges 10.72% After Kraken Partnership

The facility allows institutional OTC lenders and borrowers to provide USDC liquidity directly, increasing transparency in crypto lending. Maple's syrupUSDC product and SYRUP governance token are now integrated into Kraken's Ink L2 ecosystem and tradable on Kraken.

Despite the partnership, technical momentum remains bearish, with SYRUP/USD trading below its 20-day, 50-day, and 200-day moving averages. Resistance is at $0.1332, while support lies at $0.1174, reflecting strong selling pressure.