1 year ago
Fantom (FTM) is up 24% implicit the past 24 hours to $0.27 amid rumors that DeFi trailblazer Andre Cronje is returning to the industry.
The terms question continues the asset’s caller upward trend, which had seen it emergence by 25% successful the past 7 days and implicit 20% successful the erstwhile 30 days. FTM traded implicit $0.40 successful aboriginal August; however, the plus experienced a marketplace downturn that pushed its worth to arsenic debased arsenic $0.19 connected Oct 13.
The full measurement of assets locked successful Fantom besides reacted positively to the speculation, rising 3.10% successful the past 24 hours to $517.22 million.
Cronje’s rumored return
Rumors of Cronje’s instrumentality began past week erstwhile helium published a mean station discussing the assorted issues that led to the caller marketplace meltdown. The DeFi developer besides utilized the accidental to telephone for much regulatory reforms.
The blog station divided the crypto community, with immoderate arguing that it was not from him. However, earlier today, Cronje updated his LinkedIn to the Vice President of Memes astatine the Fantom Foundation, adding that helium started the presumption this month.
— iamdefinitelyandre.ftm (@AndreCronjeTech) November 3, 2022
His verified Twitter relationship besides shared a tweet that implied helium was backmost successful the manufacture — each of these person sparked speculation that Cronje has yet returned.
In July, Cronje denied helium was down an relationship masquerading arsenic him connected Twitter. The account, which has present been deleted, tweeted astir the developer returning to the industry, starring to a little pump for FTM-related tokens.
Cronje is wide hailed arsenic the begetter of DeFi and is credited with processing respective projects, including Yearn Finance, Keep3rV1, PowerPool, SushiSwap, PowerPool, CreamV2, etc. He was Chairman of the Fantom Foundation and served arsenic the project’s method advisor.
The station Rumors of Andre Cronje’s instrumentality origin Fantom to spike 24% appeared archetypal connected CryptoSlate.
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