Following Andre Cronje’s return to the Fantom Foundation [FTM] as “Vice President of Memes,” the last 24 hours have been marked by a surge in the altcoin’s price and the amount of FTM traded. Cronje’s appointment as the Vice President of Memes of the Fantom Foundation came after he departed from “crypto and DeFi” in […]
as “Vice President of Memes,” the last 24 hours have been marked by a surge in the altcoin’s price and the amount of FTM traded.from “crypto and DeFi” in March this year. Before that episode, the developer of Fantom and Yearn.Finance had called it quits from the DeFi industry in 2020, stating that the community was “toxic.
Within the same period, FTM tokens worth $510 million were traded. Trading volume was up by 400% too. Taking advantage of the price rally to record profit, investors, in the last 24 hours, removed FTM tokens worth $1.64 million from the general cryptocurrency market, according to, it further revealed that 74,587 traders have been liquidated in the general cryptocurrency market, with $105.85 million removed in the last 24 hours.
The amount of FTM liquidations within the same period represented 2% of the total liquidations in the market.
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