Cryptocurrency According to WhaleStats data, which examines the movements of whales, a whale has 40 million Wrapped Phantom (WFTM) and 1.1 million Phantom (FTM) made the purchase.
The phantom price dropped as low as $1.32 after Yearn.Finance and Keep3r developer Andre Cronje announced the separation. At the time of this writing, altcoin The price is trading at $1.38, with an increase of 1.46% during the day.
Altcoin Whale Bought Phantom (FTM) and Wrapped Phantom (WFTM) for a Total Total of $56M
🐳🐳🐳🐳🐳🐳 A FTM whale just bought 20,752,988 $wftm ($27,809,005 USD).#WFTM #ERC20 #FTM #whalestats
— WhaleStats – the top 1000 Phantom richlist (@WhaleStatsFTM) March 8, 2022
An FTM whale purchased 40.4 million WFTMs (about $55.6 million) and 1.1 million FTMs (about $1.1 million), according to three separate transfer transactions recorded by WhaleStats.
Recently, Yearn Finance and Keep3r developer Andre Cronje and a teammate posted a message that they will no longer be working in the DeFi industry. This statement of Cronje, who also works at the Phantom Foundation, caused a negative outlook in the altcoin market. However, the Fantom Foundation said in its statement that the separation of the said developers will not have any effect on the growth of the project.
🐋🐋🐋🐋🐋🐋 A FTM whale just bought 20,752,992 $wftm ($27,809,010 USD).#WFTM #ERC20 #FTM #whalestats
— WhaleStats – the top 1000 Phantom richlist (@WhaleStatsFTM) March 8, 2022
In its statement, the foundation said that Cronje’s contributions to the crypto money world were really great, but the Fantom project was “not developed by a single person” and said that the project would not disappear with the departure of a single developer.
Anton Nell announced in his tweet on Sunday that on April 3, 25 decentralized finance (DeFi) applications will be terminated. Projects that will be discontinued, the developers claim, include Yearn.Fi, Keep3r Network, Solidly, and other platforms.
*Not investment advice.