Fantom ex machina?

I love the name of this coin.
Even more with its blockchain: Fantom of the Opera.

We are not in finance anymore, we enter a velvet theater, with heavy curtains and forgotten legends in some old chests…

Back to reality: despite the amount and the quality of projects built after Fantom, the rumor of its main developper leaving has crashed the curve: YFI from Yearn.Finance has lost 7,5 %, KP3R of Keep3r 24,4 %, and FTM 14,4 %…*
Back deeper in reality: there is no hateful break-up between the founder of the coin and his abandonned secretaries. Andre Cronje, also known as the Defi Architect (after building the Yield Protocol), has not disappeared surprisingly from a project that depended entirely on him. First, the CEO of Fantom is Michael Kong***, and the core team of the Fantom ecosystem counts 40 workers. Andre Cronje did bring a lot. Just, now, he has decided to move out of crypto world: maybe he has earned enough money to sail wherever he wants for the rest of his life…

But that’s not the way people hear it. The massive selling reaction prooves the feeling of abandonment in the investors’minds, and the panic it generates damaged the great man’s work.


I don’t think Fantom is dead.

I hope not: that’s my biggest bag!

I tend to think the ecosystem built around the core concept is able to manage the big FUD reaction, and once people will understand that they can survive without daddy Andre, Fantom will quietly join back its fellow coins and tokens to follow the latest developments of the Ukrainian crisis.

It is an emotional crash, not a rug. Not a hack.


Now there is one thing for sure with Defi: it reacts quick and sharp: yesterday evening already, some joker thrown a shitcoin as an answer to Mr Cronje’s move: the f[..]k you Andre: $FUANDRE***…….. (👻!)

Of course, the anger is down now and the token as well, but it is a truthful and honest emotional answer from the crypto world.

We wish Mister Andre Cronje a ton of beautiful new horyzons.

Have a great day 😉🌞😊

Sources:

*https://www.cointribune.com/analyses/personnalites/cryptomonnaie-andre-cronje-le-parrain-de-defi-quitte-le-navire/amp/

**https://twitter.com/fantomfdn/status/1500425879322771457?s=21

***https://twitter.com/michaelfkong?s=21

****https://dexscreener.com/fantom/0xbcd0d3aa963e4fe73b2799dab8a3919e64bd5a2b

I’d love to have your opinion about Fantom’s latest drama: will it get back? Stronger, maybe? Or will it be put to death by another hazard? From inside… or else?!

Let me know how you feel about it in the comments :)