Fantom (FTM) Up 20% On Andre Cronje’s Supposed Return

Summary:

  • Fantom’s price rallied on Thursday soaring as high as 20% in a single day.
  • The FTM token traded at $0.27 on crypto exchange Binance, per data available on TradingView at press time.
  • Veteran crypto coder Andre Cronje hinted at his return to blockchain and decentralized finance via a Twitter post.
  • Buzz around Cronje’s tweet and other updates to his accounts on LinkedIn and Twitter supposedly drove FTM’s price up.
  • Cronje’s contributions to the Fantom ecosystem system are regarded “pivotal” by the broader crypto ecosystem.

FTM, the native token of layer 1 blockchain Fantom, skyrocketed over 20% on Thursday around the same time veteran crypto coder and Fantom contributor Andre Cronje hinted at his return to blockchain.

Cronje who stepped away from crypto and decentralized finance (DeFi) earlier in 2022 tweeted the popular “Ah sh*t here we go again” meme from Grand Theft Auto.

pic.twitter.com/SJ0XrCkN8v

The creator of Yearn Finance also updated his position on LinkedIn to “Vice President Of Memes” at the Fantom Foundation.

.FTM was added to Conjre’s Twitter name, as pointed out by crypto analyst Miles Deutscher.

Andre Cronje today:

• Adds .ftm to his bio
• Updates his LinkedIn to “Vice President of Memes” at @FantomFDN
• Updates profile picture
• Posts “here we go again” photo

He’s back. 👀 $FTM pic.twitter.com/Riutxvnu1J

Thursday’s pump coincided with a flood of “welcome back” replies under Cronje’s tweet from crypto proponents and Fantom users alike.

TradingView data showed that FTM traded around $0.27 on Binance, the leading cryptocurrency exchange at press time.

Andre Cronje Leaves Fantom And Crypto

Around March 2022, Andre Cronje dropped off the radar and seemingly stepped away from crypto.

The Yearn Finance creator had previously shared sentiment regarding “toxic DeFi culture” and hinted that he might step away from the digital asset ecosystem.

Andre Cronje is a well known developer and coder within the crypto community. Cronje’s achievements boasts the creation of Yearn Finance, a DeFi lending protocol on Ethereum.

The coder is also hailed as a key contributor to the FTM ecosystem. Fantom, like Ethereum, is a decentralized layer 1 blockchain network with smart contract functionality.

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