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![GLC_Research Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1793653021991215104.png) GLC [@GLC_Research](/creator/twitter/GLC_Research) on x 6921 followers
Created: 2025-07-21 16:55:07 UTC

We've been asked several times recently: "How can we explain $SYRUP's underperformance?"

It's important to zoom out. $SYRUP significantly outperformed its peers throughout Q1 and Q2. After such a strong run, some consolidation around key levels is expected and it feels healthy.

Let’s also keep the fundamentals in perspective:

🔸TVL now stands at $3.2B

🔸Outstanding loans have reached $1.2B

🔸Revenue is up only YTD, on pace to hit $25M annualized

That said, one possible factor behind the recent price action could be the distribution and conversion of DRIPS into $SYRUP, which may have introduced some short-term selling pressure. This remains a hypothesis but could help contextualize current market behavior.

So far, not much to worry about.

syrUP.

![](https://pbs.twimg.com/media/GwZW6xRWkAAPpMY.jpg)

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