Maple’s SYRUP slides 24% in a week, lagging Bitcoin and Ether

Maple Finance’s governance token, SYRUP, had a rough week. The token dropped roughly 24% over the seven days ending October 19, 2026, and was changing hands between $0.187 and $0.19. The awkward part is the business underneath. Maple’s revenue, assets under management and token buybacks all climbed recently, which is usually the kind of report card that earns a gold star, not a sell-off. SYRUP also trailed Bitcoin and Ether over the same stretch. Strong numbers, weak chart Start with revenue. Maple brought in $1.57 million in September, up from $1.47 million in August. The lending book looks healthy too. Maple’s assets under management reached between $4.7 billion and $4.8 billion in Q3 2026, an 18% increase from a year earlier. Loans outstanding stood at $1.67 billion, up 12% year on year. Then there are the buybacks. September’s revenue-funded buybacks doubled compared with August. On October 9, Maple executed a $314,116 buyback that scooped up 1.37 million SYRUP tokens. The average price paid was about $0.229. With the token now near $0.19, that purchase sits underwater. How the buyback machine works Maple’s repurchase program runs under a governance proposal known as MIP-021. I...