Native of Popsicle Finance, a decentralized finance (DeFi) market creation and earning protocol altcoin ICE was on the rise after controversial but prolific blockchain developer Daniele Sestagalli said he was returning to the project.
Big Rise Begins in ICE Altcoin With News of Former Developer Return
Cryptocurrency According to price tracker CoinGecko, the price of Popsicle’s ICE token has increased by about 220% in the past 24 hours. The token is currently trading at $0.36, just two days after hitting an all-time low of $0.09.
Popsicle was part of a DeFi altcoin group known as “Frog Nation”. The token was managed by Sestagalli until last January.
The token was part of a group of DeFi projects, including Abracadabra.money, which is secured by the FTX exchange’s FTT token, and Wonderland, a fork of OlympusDAO that has since failed.
I didn’t launch any coins . Focusing right now on rebuilding the OG Popsicle Finance and working on NFT Real Estate as collateral
— Daniele (@danielesesta) December 20, 2022
The spike comes after Sestagalli broke his four-month silence on Twitter on Wednesday, tweeting that he is “currently focused on rebuilding the original Popsicle Finance.”
Sestagalli, also known as Dani Sesta in crypto circles, has become a cult following in the crypto space for his community-based approach to developing projects, CoinDesk wrote in January.
Earlier this year, however, Sestagalli’s reputation took a hit when famed cryptocurrency advocate ZachXBT revealed that Sestagalli was working with an executive at Wonderland of the failed QuadrigaCX exchange, which has allegedly defrauded investors of at least $190 million.
After the Wonderland debacle, Sestagalli emerged this summer in the fields of Abracadabra and the Magic Internet Money (MIM) stablecoin.
*Not investment advice.
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