Darryl Wang Confirms Eugene Identity, Addresses Trading Conduct and Investment Controversy

Crypto trader and Tangent Ventures co-founder Darryl Wang has come forward to clarify the ongoing debate surrounding his trading activities and investment practices. In a recent statement shared on social media, Wang confirmed that the well-known trading account 0xENAS belongs to him personally, rejecting suggestions that his trading operations were connected to his institutional role at the investment firm.

Wang stressed that his activities through the 0xENAS account represent independent personal trading, entirely separate from Tangent Ventures’ investment portfolio. He emphasized that any positions taken through this account are personal decisions based on market research and do not reflect institutional investment strategy. The distinction between personal trading and institutional responsibilities, Wang argued, is critical to understanding the current allegations against him.

Darryl Wang Clarifies Position on $ENA Investment and Transparency

Regarding the specific controversy surrounding his $ENA holdings, Wang provided a detailed timeline of his involvement. He explained that he established a liquid position in the token during the third quarter of 2024, making the decision based on available market data and personal analytical assessment. Crucially, Wang maintained that he disclosed his position clearly in relevant communications at the time.

Wang further refuted suggestions that Tangent Ventures’ ENA holdings could have generated trading profits through his personal account. He pointed out that the firm’s seed-round investment in $ENA has been subject to a multi-year lock-up period since 2023, making any short-term profit-taking impossible. According to Wang, the allegations suggesting he capitalized on institutional knowledge for personal gain are “fundamentally baseless.”

Denying Manipulation Claims and Addressing Threats

In response to accusations that he leveraged his market influence to artificially drive up token volumes or profit from paid promotional activities, Wang categorically rejected these claims. He asserted that his trading records are fully transparent and available for verification, challenging critics to substantiate their allegations with concrete evidence. Wang emphasized his commitment to operating within established market standards and maintaining professional integrity.

Beyond addressing the trading allegations, Wang also condemned recent attempts by anonymous accounts to publicly expose his identity and make threats against his family members. He described such tactics as inappropriate and counterproductive to constructive market discussion. Wang stated that his response to these controversies represents his final public comment on the matter, signaling his intention to move forward rather than engage in prolonged dispute.

Looking ahead, Darryl Wang indicated that he will continue focusing on long-term development initiatives within the cryptocurrency sector through his institutional and personal efforts, leaving the allegations to speak for themselves against his demonstrated track record of transparency and market participation.