FTM spikes 11% as Fantom's colossal multimillion reserves are unveiled fantom ftm cryptonews andrecronje yfi yearn cryptonews cryptocurrencies $yfi $ftm
. Looking ahead, the story was so impressive that the price of FTM, a native blockchain token, responded with an 11% increase at one point.According to Cronje's post, Fantom currently holds more than 450 million FTM, $100 million in stablecoins, $100 million in crypto assets and half that in noncrypto assets. The project has a payroll of $7 million a year, which the developer says will allow them to operate unhindered for another 30 years without even touching the FTM holdings.
Of interest, Cronje also revealed that in February 2021, 81.5 million FTM were sold to the infamous firm . He also revealed that they further refused to cooperate with the trading firm and also refused to pay the unnamed exchange $300 million to list FTM.The unexpectedly returning developer brought life and interest back to Fantom, although the project continued to develop actively without. Right now, most of the attention around the project is focused on Fantom Virtual Machine itself.
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