Renowned trader Eugene admits that he is indeed Tangent Ventures co-founder Darryl Wang, saying he has never sold any ENA.

BlockBeats News, January 17th, prominent trader Eugene responded to the recent controversy about his identity on social media, acknowledging that his true identity is indeed Darryl Wang, co-founder of Tangent Ventures. However, Eugene is just his personal account, used solely to document personal trades. Since its creation, management, and execution, no one else has been involved.

Darryl Wang stated that Eugene's trades are completely independent. Out of the 100+ token codes shared on Eugene's account, only 2 overlap with Tangent Ventures' investment targets.

Darryl Wang further explained that Tangent Ventures' other co-founder, Jason Choi, met with Ethena's founder in mid-2023. Subsequently, Tangent's angel investment arm invested in Ethena in July 2023 and again in February 2024. These investments have multi-year lock-up periods and are publicly recorded. Tangent has not sold any portion of these investments.