{"id":69527,"date":"2022-11-03T15:42:07","date_gmt":"2022-11-03T13:42:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69527"},"modified":"2025-09-07T20:34:27","modified_gmt":"2025-09-07T17:34:27","slug":"ftm-token-jumps-20-on-rumors-of-andre-cronjes-return-to-fantom-foundation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ftm-token-jumps-20-on-rumors-of-andre-cronjes-return-to-fantom-foundation\/","title":{"rendered":"FTM token jumps 20% on rumors of Andr\u00e9 Cronje&#8217;s return to Fantom Foundation"},"content":{"rendered":"<p>\\n<\/p>\n<p>Against rumors of the return of Fantom&#8217;s lead DeFi developer Andr\u00e9 Cronje to the Fantom Foundation, the native token FTM rose by nearly 20%.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>As of this writing, the asset was trading near $0.26.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"466\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/FTMUSDT_2022-11-03_15-07-52-1024x466.png\\\" alt=\\\"FTM token rose 20% on rumors of Andr\u00e9 Cronje's return to Fantom Foundation\\\" class=\\\"wp-image-189713\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/FTMUSDT_2022-11-03_15-07-52-1024x466.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/FTMUSDT_2022-11-03_15-07-52-300x137.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/FTMUSDT_2022-11-03_15-07-52-768x350.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/FTMUSDT_2022-11-03_15-07-52-1536x699.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/FTMUSDT_2022-11-03_15-07-52.png 1814w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>FTM\/USDT price chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<p>\\n\\n\\n\\n<\/p>\n<p>The rumors were sparked by Cronje&#8217;s own actions. The developer added the FTM ticker to his Twitter profile and posted a message with the phrase \u201chere we go again\u201d. He also <a href=\\\"https:\/\/www.linkedin.com\/in\/andre-cronje\/?originalSubdomain=za\\\">stated<\/a> on LinkedIn that he works as \u201cVice President of Memes\u201d at Fantom Foundation.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Andre Cronje today: <\/p>\n<p>\u2022 Adds .ftm to his bio<br \/>\u2022 Updates his LinkedIn to \\&#8221;Vice President of Memes\\&#8221; at <a href=\\\"https:\/\/twitter.com\/FantomFDN?ref_src=twsrc%5Etfw\\\">@FantomFDN<\/a> <br \/>\u2022 Updates profile picture<br \/>\u2022 Posts \\&#8221;here we go again\\&#8221; photo<\/p>\n<p>He\u2019s back. \ud83d\udc40 <a href=\\\"https:\/\/twitter.com\/search?q=%24FTM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$FTM<\/a> <a href=\\\"https:\/\/t.co\/Riutxvnu1J\\\">pic.twitter.com\/Riutxvnu1J<\/a><\/p>\n<p>\u2014 Miles Deutscher (@milesdeutscher) <a href=\\\"https:\/\/twitter.com\/milesdeutscher\/status\/1588119281543262208?ref_src=twsrc%5Etfw\\\">November 3, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>In March 2022 Cronje and Fantom Foundation&#8217;s chief architect Anton Nell <a href=\"https:\/\/u1f987.com\/en\/news\/as-andre-cronje-exits-the-industry-yearn-finance-token-price-falls-11\">announced<\/a> their decision to leave the industry.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Meanwhile Cronje continued to participate in the project&#8217;s development. In May he <a href=\"https:\/\/u1f987.com\/en\/news\/fantom-network-token-rises-40-amid-rumors-of-andre-cronjes-return\">proposed<\/a> to change the liquidation model of sFTM and fUSD, as well as to introduce a cap on asset issuance in the blockchain.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Back then, FTM jumped 40%.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Some influencers noted that Cronje had not left the Fantom community. For example, investor Nick Drakon described the pump on the rumors as \u201chilarious.\u201d<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">This <a href=\\\"https:\/\/twitter.com\/search?q=%24FTM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$FTM<\/a> pump because Andre posted a joke on LinkedIn is hilarious.<\/p>\n<p>Folks thinking of his \u2018return\u2019 should realize that he never went anywhere and has been part of the decision making process all year at the FF.<\/p>\n<p>Be careful getting bullish in this environment on this fluff.<\/p>\n<p>\u2014 Nick Drakon (@NickDrakon) <a href=\\\"https:\/\/twitter.com\/NickDrakon\/status\/1588112342419734528?ref_src=twsrc%5Etfw\\\">November 3, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u00abThis pump of FTM due to Andr\u00e9&#8217;s joke on LinkedIn is hilarious. Those who think about his \u201creturn\u201d should understand that he never left and has been part of the decision-making process at the Fantom Foundation all year. Be careful with bullish sentiment based on fluff in this environment\u00bb, \u2014 wrote him.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>Traders going by the alias Tree of Alpha also noted that crypto industry participants are particularly prone to loyalty to a \u201ccult of personality.\u201d The expert allegedly earned over $233,000 from the pump.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">1\/ People in general have always had a tendency towards cults of personality, and Crypto exacerbates that.<\/p>\n<p>For quite some time during the bull run, Andre Cronje was THE ambassador for <a href=\\\"https:\/\/twitter.com\/search?q=%24FTM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$FTM<\/a>.<br \/>Leaving was a great short opp. on <a href=\\\"https:\/\/twitter.com\/search?q=%24FTM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$FTM<\/a> (which I also took then). <a href=\\\"https:\/\/t.co\/3IlGDbm0AA\\\">https:\/\/t.co\/3IlGDbm0AA<\/a> <a href=\\\"https:\/\/t.co\/AtHAbCv9jR\\\">pic.twitter.com\/AtHAbCv9jR<\/a><\/p>\n<p>\u2014 Tree of Alpha (@Tree_of_Alpha) <a href=\\\"https:\/\/twitter.com\/Tree_of_Alpha\/status\/1588132756843859969?ref_src=twsrc%5Etfw\\\">November 3, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>In April 2022 Cronje <a href=\"https:\/\/u1f987.com\/en\/news\/andre-cronje-criticised-for-urging-regulation-of-defi\">was criticised for calling for DeFi regulation<\/a>.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid rumors of the return of Fantom&#8217;s lead DeFi developer Andr\u00e9 Cronje to the Fantom Foundation, the native token FTM rose nearly 20%.<\/p>\n","protected":false},"author":1,"featured_media":69528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1462],"class_list":["post-69527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fantom-blockchain"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=69527"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69527\/revisions"}],"predecessor-version":[{"id":69529,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69527\/revisions\/69529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69528"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}