Rumors of Andre Cronje’s return cause Fantom to spike 24%
The price movement continues the asset’s recent upward trend, which had seen it rise by 25% in the last seven days and over 20% in the previous 30 days. FTM traded over $0.40 in early August; however, the asset experienced a market downturn that pushed its value to as low as $0.19 on Oct 13.
Rumors of Cronje’s return began last week when he published a medium post discussing the various issues that led to the recent market meltdown. The DeFi developer also used the opportunity to call for more regulatory reforms. The blog post divided the crypto community, with some arguing that it was not from him. However, earlier today, Cronje updated his LinkedIn to the Vice President of Memes at the Fantom Foundation, adding that he started the position this month.
Source
https://t.me/Crypto_Bitcoin_Blockchain
