The analyst maintains a highly bullish outlook on Synapse ($SYN), setting a first price target of $18.40, representing a 58x increase from current levels. Financial projections for $SYN highlight a buyback and burn model that could potentially burn 574.9M tokens annually based on $100M in daily traded premium and a $0.40 price assumption. The discussion also covers the asset's pivot from the bridge business toward a new valuation framing involving scale math and token structure.