DeFi Development Corp, which trades on Nasdaq under the DFDV ticker, has transferred the daily management of DisclaimerCoin, its memecoin launched in January 2026, to a new team. The company announced that the administration of the token, listed as DONT, will now be overseen by Daniel Reis Faria, CEO of ZeroStack Holdings, alongside a specialized team focused exclusively on the project.
Leadership transition to a new team
This move signals a new phase for DONT holders, who will now see the token’s development managed under a fresh leadership structure. While DeFi Development Corp will retain a significant share of the project’s treasury, day-to-day operational decisions and management responsibility have been handed over to the incoming team.
Under the leadership of Daniel Reis Faria, the new team will be responsible for administering the DONT tokens allocated for ecosystem growth and community initiatives. According to figures published on the project website, this allocation represents 21.1% of the total supply.
Glossary: ZeroStack Holdings is the company referred to in the article, with Daniel Reis Faria serving as CEO. The term “treasury share” refers to token holdings kept on the project or company’s own balance sheet.
DeFi Development Corp will continue to hold approximately 31.6% of the total DONT supply. The company reiterated its original commitment to maintain its treasury share on a permanent basis, stating it will not relinquish this position.
| Party | Role | Share |
|---|---|---|
| New team | Manages ecosystem, growth, and community allocations | 21.1% |
| DeFi Development Corp | Retains treasury share | 31.6% |
Daniel Reis Faria stated on X that he is excited to help support the success and adoption of $DONT.
Reasons for the handover and company background
The relationship between DeFi Development Corp and ZeroStack is not new. Back in September 2025, both companies established a strategic partnership aimed at accelerating institutional adoption of Solana through DeFi Development Corp’s Treasury Accelerator program. The company cited this history of collaboration as the main reason behind transferring token management responsibilities.
According to the company, this step marks a new phase in the structure of a memecoin created by a publicly traded firm. Rather than exiting the project entirely, DeFi Development Corp has chosen to remain involved as a treasury holder.
The structure of DONT and recent market developments
DONT was originally designed as a tongue-in-cheek project, openly declaring on its website that the token lacks conventional value, use cases, and a forward-looking roadmap. The site also explicitly confirms the absence of a whitepaper, technical documentation, or investment pitch materials.
HCMC CEO Jeff Holman commented that DONT brings a much-needed level of transparency, accountability, and alignment of interests to the memecoin market.
On the day of the announcement, shares of DeFi Development Corp traded at $3.19. The company’s market capitalization currently stands near $96 million, and its stock price has dropped roughly 84% over the past year. Following the announcement, the shares declined by an additional 6.7%.
This management change follows HCMC’s recent acquisition of DONT as a treasury asset. Under the RAGE initiative, HCMC also purchased 420,000 Eyes on Monitor (EOM) tokens as a second digital asset position.
