ICE token of Popsicle Finance, a DeFi market-making and yield-earning protocol, jumped nearly 4 times in the last hours after founder Daniele Sestagalli said he would return to the project.
Daniele Sestagalli used to be one of the very famous names in the DeFi community, especially during the peak of DeFi 2.0 in mid and late 2021. He has been the founder of many projects including WWonderland (TIME) – a decentralized reserve currency protocol built on the Avalanche Network, Abracadabra.money (MIM/SPELL) – a cross-blockchain lending platform, and Popsicle Finance (ICE) – a cross-chain automated yield optimization platform. These projects were called “Frog Nation” and once announced that ShisshiSwap would merge with it.
However, after being entangled in the 0xSifu scandal in early 2022, followed by the collapse of Solidly, Daniele Sestagalli faced fierce criticism from the crypto community and then has remained anonymous. On December 20, Daniele Sestagalli suddenly returned to Twitter and confirmed that he was focusing on rebuilding Popsicle Finance.
ICE token has therefore jumped from $0.12 to $0.45 in the last 24 hours, equivalent to a 275% increase. Most ICE investors now hope that the return of the founder, Popsicle Finance can regain some of its position as it was in 2021. ICE Token once peaked at as high as $61 in November 2021 before plunging.
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