In the crypto industry, where personalities reign supreme, hiring and firing are a big problem. At the time of going to press, several crypto and DeFi communities were dealt a shocking blow when two major players announced they were stepping out of the game — possibly for good.

Sing, my angel of DeFi!

The Fantom, Yearn and Solidly communities, among others, were let down when Andre Cronje, technical advisor at the Fantom Foundation, and Anton Nell, senior solutions architect at the Fantom Foundation, announced their departure from crypto via Nell’s Twitter account

Nell too explained that on April 3, 2022, some 25 “apps and services” would be discontinued. This understandably caused a panic storm.

Were there any signs of this before? Well, at the end of January 2022, Cronje wrote a sort of open letter expressing his frustration at rich fast schemes in crypto, saying that he was struggling to follow his vision while building. He also previously deleted his Twitter account and updated his LinkedIn profile.

Users expressed a wide range of emotions, ranging from betrayal to grief, as they tried to understand what would happen next.

Exit, chased by bears

The Fantom Foundation was quick to release a statement, reminding fearful investors that despite Cronje’s departure, more than 40 people were still working on projects.

However, some numbers speak for themselves. Yearn Finance’s YFI token has skyrocketed 10.04% in the past 24 hours and bled out at $18,028.28 in the press. Meanwhile, Fantom’s FTM fell 15.29% to reach a price of $1.42.

Overall, it seems that FUD has hit the communities hard. There were even claims that Cronje and Nell were running the communities, which could have fueled panic selling.

On the other hand, when looking at data from Santiment, weighted sentiment hadn’t changed much. It may be just a matter of time, but the weighted sentiment for Fantom appears to be a mix of mild negativity coupled with euphoric spikes.

Source: Saniment

Some who still believe in the project may even see it as an opportunity to buy the dip. Santiment data showed that as the price fell, there was a major spike in the number of active addresses, with more than 200 registered at the time of writing.

However, this could also be due to investors rushing to get out.

Source: Saniment

However, it was too early to assess the currency inflows and outflows for the asset.

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