Solana treasury company DFDV will no longer be responsible for the daily ecological operation and management of the meme coin DONT

The Solana treasury company DeFi Development Corp. (DFDV), listed on NASDAQ, announced that it will no longer be responsible for the daily ecological operation and management of its meme coin DONT. The leadership of the ecosystem has been transferred to an independent team led by Daniel Reis-Faria, which will focus on the development of the DONT ecosystem, community building, partnership expansion, and liquidity enhancement.

DFDV added that it will continue to hold its DONT treasury allocation, which currently accounts for approximately 31.6% of the total supply of DONT, and will hold it long-term according to the project's initial commitment.