DeFi Development Corp has transferred the day-to-day management of DisclaimerCoin, or DONT, to a new team led by ZeroStack CEO Daniel Reis Faria. The change puts token development and operational decisions under new leadership, while DeFi Development Corp remains involved through its existing treasury position of about 31.6% of total supply.
Figures published on the project’s website show that the incoming team will administer the DONT allocation reserved for ecosystem growth and community initiatives. That pool accounts for 21.1% of the token’s total supply. In a post on X, Daniel Reis Faria said he was excited to support the success and adoption of $DONT.
Operations move to ZeroStack-led group while treasury stake stays put
The handover draws a clear line between management authority and treasury ownership. DeFi Development Corp said operational responsibility and day-to-day decision-making are now in the hands of the new team, but the company is not stepping away from the project entirely.
It repeated its original commitment to hold its treasury share on a permanent basis and said it would not give up that position. Under the revised structure, the new team manages the allocation tied to ecosystem, growth, and community efforts, while DeFi Development Corp stays in the picture as a long-term treasury holder.
Existing ZeroStack relationship cited as main reason for transfer
The company tied the move to an earlier business relationship with ZeroStack. In September 2025, the two companies formed a strategic partnership aimed at accelerating institutional adoption of Solana through DeFi Development Corp’s Treasury Accelerator program. That collaboration history was presented as the main reason for shifting token management responsibilities.
DeFi Development Corp described the change as a new phase in the structure of a memecoin created by a publicly traded firm. It framed the decision as a restructuring of responsibilities rather than a full exit from the project.
DONT keeps its deliberately minimal positioning
DONT was introduced as a tongue-in-cheek project, and its website makes that point plainly. According to the site, the token does not claim conventional value, utility, or a forward-looking roadmap. It also states that there is no whitepaper, no technical documentation, and no investor pitch material.
HCMC CEO Jeff Holman said DONT brings transparency, accountability, and alignment of interests to the memecoin market. The management change came after HCMC recently acquired DONT as a treasury asset. Under its RAGE initiative, HCMC also bought 420,000 Eyes on Monitor (EOM) tokens as a second digital asset position.
Stock slid again after the announcement
On the day of the announcement, shares of DeFi Development Corp traded at $3.19. The company’s market capitalization stood near $96 million. Over the past year, the stock has fallen by roughly 84%, and it declined another 6.7% after the handover was disclosed.
Those figures place the governance shift against a weak equity performance backdrop. The source material does not provide additional detail on the rollout timeline or any new operating plan beyond the transfer of responsibilities.