SushiSwap Founder Exits and CEO of FTX Saves the Day

Head of SushiSwap, NomiChef, panic sold all his Sushi a week after forking Uniswap. Luckily for holders of the DeFi pop-up project, the CEO of FTX swooped in to save the day.

Long story short, UniSwap is all the range in DeFi, as people can swap any coin they create thereby creating liquidity pools for that coin. This “wasn’t good enough” for a raging DeFi bull market and so some cartoon animals forked UniSwap into another food-based coin (this is a thing in DeFi). Said fork, SushiSwap, and its coin Sushi, caught on like hot fishcakes and Suhi started to moon. Then the tech dump started bringing crypto down and the SushiSwap founder panic sold his entire Sushi holdings on… Uniswap #lol.

This of course hurt sushi holders, thing is, the FTX crew were going deep into SushiSwap. So when this happened the CEO of FTX publically requested NomiChef hand over the keys to the kingdom and basically exit SushiSwap. NomiChef did, and now the FTX crew is in the process of trying to revive and build a new and better Sushi.

In other words, it was a long week in DeFi.

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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