DeFi Development Corp. (Nasdaq: DFDV) has given up the day-to-day control of DisclaimerCoin (DONT), the memecoin it launched in January 2026. Stewardship has been transferred to ZeroStack Holdings CEO Daniel Reis-Faria and a dedicated team.
DONT holders will now have a new set of hands in charge of the token’s development.
What does DisclaimerCoin’s change in leadership mean?
DeFi Development Corp. has officially handed over the management of DisclaimerCoin (DONT), a memecoin it launched in January 2026, to Daniel Reis-Faria, the CEO of ZeroStack Holdings (NASDAQ: ZSTK), and a dedicated team.
This deal is leading up to the world’s first publicly traded company-created memecoin. DFDV (NASDAQ: DFDV), a Boca Raton firm, will keep a significant treasury stake but will no longer run the project day-to-day; that will be up to the new team.
The team led by Daniel Reis-Faria will control the DONT tokens set aside for ecosystem, growth, and community allocations. According to the project’s website, this is about 21.1% of the total supply.
DeFi Development Corp. will keep its own large stake, which is about 31.6% of all DONT tokens. The company has repeated a promise it made at launch to hold this portion in its treasury permanently.
The two firms struck a strategic relationship in September 2025 aimed at increasing the rate of institutional Solana adoption through DFDV’s Treasury Accelerator program. DFDV cited history as the basis for handing over the token.
Reis-Faria said on X that he is “excited to help drive the success and adoption of $DONT.”
Why did DFDV give up control of the token?
DONT was built as a self-aware joke. Its website opens with a disclaimer that the coin “has no value, no utility, and no future,” repeatedly telling visitors not to buy it. The project has no roadmap, no whitepaper and no pitch deck, by its own account.
DFDV’s stock performance has been weak. It traded at $3.19 with a market capitalization of about $96 million on the day of the announcement, down roughly 84% over the prior year, and the shares slipped about 6.7% on the news.
This change comes at a time when another public company, HCMC (Pink Limited Market: HCMC), recently added DONT to its own treasury.
HCMC CEO Jeff Holman said that DONT “introduces a level of transparency, accountability, and alignment that has historically been absent from much of the meme coin market.” In a follow-up move, HCMC recently acquired 420,000 Eyes on Monitor ($EOM) tokens as its second digital asset position under the RAGE initiative.
