- Colin Wu tweeted on Andre Cronje’s return to Fantom Foundation.
- Cronje’s LinkedIn update stated that he took charge as the VP of Memes at Fantom.
- Consequently, the price of FTM had a sudden hike.
Colin Wu, the Reporter who runs Wu Blockchain, tweeted that Andre Crone joined as the Vice President of Memes at the Fantom Foundation in November 2022, as per the updates in his LinkedIn.
Wu added that the Fantom Foundation had gained 24% in the past 24 hours on the basis of the “rumors of a comeback”:
Andre Cronje started as Vice President of Memes at the Fantom Foundation in November 2022, according to his linkedin. The FTM has gained 24.5% in the past 24 hours to $0.28 on rumours of a comeback.https://t.co/lRXasJLQga— Wu Blockchain (@WuBlockchain) November 3, 2022
Recently, based on his post, the rumor was spread that Cronje has returned to Fantom. As a result, the FTM price had a sudden surge of 24.5% in the last 24 hours. Interestingly, the current price of FTM is $0.2674 which is much higher than the last day’s $0.23.
Seven Days’ FTM Price
Hailed as the “godfather of DeFi”, Andre Cronje is a prolific coder and is best known for creating Yearn.Finance and Keep3rV1. He has been working in the field of software development for the past 20 years. His career was well-established in DeFi projects such as Sushiswap and CreamV2.
Cronje had been working as a technical advisor at Fantom and was designated as the Fantom Foundation Technology Council Chairperson.
However, on March 26, another software developer at Fantom announced that both Andre and he had decided to leave the company:
Andre and I have decided that we are closing the chapter of contributing to the defi/crypto space. There are around ~25 apps and services that we are terminating on 03 April 2022.
Consequently, the FTM price fell by 80%, but eventually it gained more than 1000% during the bullish period.
While his departure caused inflation in the token’s price, Cronje addressed the public stating: “The Fantom team has been nothing but honorable throughout my engagement with them. I believe they are on the right technology path, and I have no doubts that they will continue to succeed”.
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