The Flying Tulip: A $1B Dream, With Laughs 😂💸

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In a room where screens glow like frost on a winter river, Flying Tulip rises as a venture that calls itself bold and then blushes at the margins of the ledger. Two hundred million in private hands, a valuation that gleams as if the moon itself had signed the cap table: one billion dollars fully diluted. The raise, cast as a SAFT, gathers Brevan Howard Digital, CoinFund, DWF Labs, FalconX, Susquehanna Crypto, and others, a chorus of names that ring with the hush of snowfall. The project now seeks another eight hundred million through a public token sale at the same star-lit valuation, as if the horizon itself could be persuaded to sign the check.

Flying Tulip proclaims an “onchain redemption right,” a dare to redeem at any moment in the asset contributed. Cronje speaks of it as a hedge against the unpredictable, with a hint of upside for holders. Rather than pouring investor principal into immediate ventures, FT promises to channel up to a billion into onchain yield strategies, chasing a four percent annual harvest to fund growth, incentives, and token buybacks-the memory of original principal tucked away like a photograph. A touch of irony, a pinch of sarcasm, and a smile that says, “we know what the market loves to fear.” 😏

– Andre Cronje (@AndreCronjeTech) September 29, 2025

The project sketches itself as a full-stack onchain exchange: spot, derivatives, lending, a stablecoin (ftUSD), and insurance in a cross-margin frame. The founder speaks of a full financial rebuild, a convergence of AMMs, order books, and money markets. It will launch on Sonic with zero fees, then stretch to Ethereum, Solana, Avalanche, and BNB Chain-an escalator of access that feels almost too grand to be practical, and perhaps that is precisely the intention.

From “Crypto is Dead” to a $1B Token Launch

Cronje’s ascent with Flying Tulip casts a long shadow over earlier declamations of crypto’s demise and calls for stricter rules. He argued that unchecked greed had stitched rust into the industry and that the laws governing traditional finance should reach into the digital frontier to protect travelers in the fog. His critique of “crypto culture,” marked by feverish speculation, stood beside his respect for what he termed the “crypto ethos.” At the time, he announced retirement from the space, closing more than twenty-five apps with ex-pair Anton Nell. A bitter season ends, another begins.

Flying Tulip’s billion-dollar debut suggests a recalibration rather than a retreat. While Cronje distances himself from the excesses of earlier DeFi cycles, his new platform bears marks of regulatory awareness, a blend of investor protections with a broad onchain financial architecture. A scholar of risk smiling behind the keyboard, perhaps whispering, “we’ll see.” 😂

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2025-09-29 22:13