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Whales have bought 20 million wrapped Fantom tokens (WFTM) and 1.1 million FTM in recent hours

According to WhaleStats, whales have purchased 20 million wrapped Fantom tokens (WFTM) and 1.1 million Fantom tokens in recent hours. Fantom (FTM) fell to as low as $1.31 on March 7 following negative investor concerns when Andre Cronje, developer of Yearn.Finance and Keep3r announced that he had called for it to be decommissioned, along with software architect Anton Nell. At press time, FTM is changing hands at $1,3198, dropping 6.75% on the day.

whales-have-bought-20-million-wrapped-fantom-tokens-wftm-and-1-1-million-ftm-in-recent-hours

FTM/USD 4-hour chart | Source: TradingView

Whales grab 20 million Wrapped Fantom tokens and 1.1 million FTM amid dip-buying

In two separate transactions recorded by WhaleStats, an FTM whale purchased 20,752,988 WFTM, or $27,809,005, while an ETH whale purchased 1,179,985 FTM, or $1,581,179.

whales-have-bought-20-million-wrapped-fantom-tokens-wftm-and-1-1-million-ftm-in-recent-hours

Source: WhaleStats

Developer of Yearn.Finance and Keep3r have announced calls to shut down alongside fellow software architect Nell. In light of this, the Fantom Foundation was quick to address the community’s concerns, assuring them that the developers’ departure would not have a negative impact on the project’s growth. Cronje’s contribution to crypto had been enormous, according to the foundation. Still, Fantom was not a “one-man team,” implying that the exit of a single developer should not derail the project in any way.

Anton Nell announced in a tweet Sunday that a total of 25 decentralized finance applications will be terminated as of April 3. Yearn.Finance, Keep3r Network, Solidly, and other protocols are abandoned projects.

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