Speculation surrounding the return of Andre Cronje to the Fantom Foundation has sent its token price soaring over the past day.
Fantom (FTM) price spiked 33% in the past 24 hours from $0.21 yesterday to a high of $0.28. Although now trading around $0.27, the rise is in line with the token’s upwards trend recently. In the past week it has risen nearly 25%, with a 35% rise over the past two weeks.
Recent favorable Fantom price traction is largely the result of renewed activity from the protocol’s mastermind, Andre Cronje.
Cronje Departed Suddenly From DeFi
Andre Cronje has played an outsized role in the development of decentralized finance. In addition to Fantom, the software architect is also known for Yearn Finance, Keep3r Network, SushiSwap and Solidly, among others.
Earlier this year, he made waves in the crypto community when he announced he would be leaving the sector. Cronje had earlier expressed discontent over…
