Andre Cronje’s Flying Tulip Token Trades Near $1B FDV Floor
The Defiant
by Denis OmelchenkoFebruary 23, 2026
AI-Generated Deep Dive Summary
Andre Cronje's latest DeFi project, the Flying Tulip (FT) token, has officially entered trading following its token generation event (TGE) on February 23. The token, linked to the renowned crypto architect known for building Yearn Finance and Fantom, quickly gained attention as its fully diluted valuation (FDV) approached $1 billion. Despite initial fluctuations, with the FT token dipping to around $0.08 before stabilizing near $0.10 in its first hours of trading, market observers are closely monitoring its performance.
The Flying Tulip project raised nearly $300 million in funding prior to its launch, positioning it as one of the most anticipated DeFi projects of 2024. Andre Cronje's involvement has historically drawn significant interest from the crypto community, given his foundational contributions to early decentralized finance protocols. The token's sideways trading pattern suggests a cautious but stable start, with market participants likely waiting for further clarity on its utility and use case.
For readers following DeFi trends, the Flying Tulip token represents another chapter in Cronje's ongoing influence over innovative blockchain projects. Its performance could offer insights into investor sentiment toward new token launches and the broader health of the DeFi market. With a $1 billion FDV already implied, the FT token is poised to play a significant role in shaping the future of decentralized finance.
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Originally published on The Defiant on 2/23/2026