Fantom (FTM) spikes nearly 20% on rumors of Andre Cronje return

The price of Fantom (FTM), the token underpinning the eponymous blockchain network, surged by 18.8% over the past 24 hours. FTM is now trading at $0.2738.

Fantom’s latest price action may have been driven by speculation that Andre Cronje, a prolific decentralized finance (DeFi) developer, was returning to the project.