Flying Tulip Faces Calls for New Fund Managers Amid DeFi Challenges

2025-11-17 13:16

The Flying Tulip project, spearheaded by Andre Cronje, is under pressure to reconsider its fund management team following recent DeFi market disruptions. A prominent crypto influencer on X has called for the replacement of current fund managers, MEV Capital and Re7 Labs, citing their performance issues. Flying Tulip, which recently secured $200 million in a private seed round, is valued at $10 billion and aims to create a comprehensive on-chain trading platform. Key investors include Brevan Howard Digital, CoinFund, and DWF Labs.

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