SYND Crashes to All-Time Low as Syndicate Labs Announces Wind-Down

The Syndicate (SYND) token dropped to a fresh all-time low today after Andreessen Horowitz-backed Syndicate Labs announced it was shutting down. Market data showed the token fell to $0.01061 following the announcement. At press time, it was trading at $0.012, down nearly 23% over the past day. Why Syndicate Labs Is Shutting Down Syndicate initially