The cryptocurrency Fantom (FTM) has abruptly risen yet again due to the information that the “godfather of DeFi” Andre Cronje “has returned to Gypsy.”
After a extended time period of “hiding” given that he announced his departure from the DeFi market in March 2022, on the afternoon of November three, Andre Cronje abruptly tweeted “implicitly” that he would be back, driving up the rate of FTM.
Andre Cronje is the lead architect of Fantom (FTM) from 2018 to 2022. He is also the guy behind a lot of DeFi tasks that emerged in the time period of 2020 this kind of as Yearn Finance (YFI), Keep3r Network (KP3R), Multichain.xyz, .. Upon opting out, the “godfather deFi” announced the quantity of tasks he was collaborating on up to 25.
By the finish of 2021, Andre Cronje announced that he would make a new DeFi protocol in accordance to the ve (three,three) model for Fantom, referred to as Solidly (Strong). Solidly thus had to be the “ace” for the Fantom program to break as a result of and compete with other layer-1s. However, the task launch occasion in February 2022 had a great deal of challenges, foremost to the collapse of the model and Andre’s choice to “take a break”. Fantom’s TVL then “evaporated” from more than $ eight billion in early March to just $ four.five billion just two weeks later on.
Andre Cronje then announced his departure from the DeFi market, criticized the downsides of the crypto local community, and announced that he would be moving into the legal discipline.
However, on the afternoon of November three, Andre abruptly posted yet again on Twitter with a “Here we go again -” Let’s begin yet again “meme.
– iamdefinitelyandre.ftm (@AndreCronjeTech) November 3, 2022
This individual also transformed their LinkedIn profile data to “Vice President of Meme Division” at the Fantom Foundation beginning November 2022.
I have no thought what this guy is carrying out,
But I am a monkey,
And it really is monkey szn. pic.twitter.com/7mzSg4Ek93
– Tree of the Alpha (@ Albero_dell’Alfa) November 3, 2022
Instantly, the rates of coins that have been the moment tied to Andre this kind of as FTM, KP3R, Strong have skyrocketed, specifically FTM “builds a column” at more than 25%.
Additionally, Andre Cronje also transformed his Twitter identify to “iamdefinatelyandre.ftm” to lightly market Fantom Domains, the domain identify task on Fantom as the Ethereum Name Service.
It stays to be witnessed no matter whether Andre Cronje genuinely “resurfaced” or if the controversial character’s Twitter account was hacked.
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