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Wintermute Founder Rejects Claims of Shorting MON Token

Evgeny Gaevoy denies short-selling accusations and reaffirms Wintermute’s long position as MON experiences a sharp daily price drop.

Fact Check
The evidence strongly supports the truthfulness of the statement. Three separate, relevant sources with medium to high authority (Odaily, Phemex, and KuCoin) directly and consistently report that the founder of Wintermute denied allegations of shorting the MON token. The Odaily and Phemex articles are entirely focused on this denial, with headlines that explicitly confirm the statement. The KuCoin news flash, while centered on a different topic, also corroborates this specific fact. The remaining sources are irrelevant to the claim and offer no contradictory information. The consistency across multiple crypto news platforms and the absence of any conflicting evidence provide a high degree of confidence in the assessment.
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Summary

Wintermute founder Evgeny Gaevoy refuted claims of shorting the MON token, stating the firm holds a long position. He urged the community to avoid spreading unverified statements about trading activity. As of Dec. 1, MON was priced at $0.02513, marking a 23.3% decline in the past 24 hours.

Terms & Concepts
  • Shorting: A trading strategy that involves selling an asset with the intention of buying it back later at a lower price for profit.
  • Long position: An investment stance where the trader buys and holds an asset expecting its value to rise.