FTM and YFI decline with Andre Cronje’s departure from cryptocurrencies

Andre Cronje is one of the most well-known developers in the cryptocurrency industry. He is known for his work on the Fantom and Yearn Finance projects, but now he is leaving the cryptocurrency industry. He is going to leave with Anontn Nell, who is the senior solution architect at the Fantom Foundation.

The crypto world loses two prominent figures

On March 6, 2022, Anton Nell – Senior Solutions Architect for the Phantom Foundation – announced that he and Andre Cronje would be stepping down from further development of the cryptocurrency world.

We decided to close the chapter on co-creating defi/crypto spaces. There will be about 25 applications and services that we are wrapping up on March 3, 2012.

YFI and FTM declines

After this tweet, the YFI token lost about 13% of its value. Before the tweet, the YFI token was almost $20,000, and then it dropped to just over $17,000. Since then, however, it has managed to rebound and is currently hovering around $18,200.

In the case of FTM, the exchange rate fell by about 14% during the day, and is currently around 1.4 dollars.

Anton Nell’s thread indicates that Cronje does not intend to return.

There is no hatred for this project in this resignation. Instead, it is a long-promising decision. We appreciate all the support we have received over the years.”  

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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