Derived from Chainthink, on November 17, 2025, a prominent crypto KOL on X urged Andre Cronje to reselect the fund managers for Flying Tulip, a new project launched by Cronje. The current fund managers, MEV Capital and Re7 Labs, have faced criticism for their performance amid recent DeFi incidents. Flying Tulip, valued at $10 billion, raised $200 million in a private seed round through a SAFT structure, with participation from Brevan Howard Digital, CoinFund, DWF Labs, and others. The project aims to build a unified on-chain trading platform covering spot, derivatives, lending, stablecoins, and insurance.
Flying Tulip Community Calls for New Fund Managers Amid DeFi Turmoil
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