TechFlow News — Wang Feng, founder of LAN Games, posted on X stating that his investments are both bold and cautious, not indiscriminate. He has sold all 100,000 FIL tokens remaining in the company's treasury and fully converted them into SATS. He hopes SATS will become a next-generation cryptocurrency symbol empowering the entire Bitcoin network ecosystem.
Wang Feng said: "Actually, I still believe there will be better solutions and projects for decentralized storage networks. But Filecoin is not one of them—it’s more like a Ponzi scheme, and they might not be able to wrap it up successfully. Our fund’s farewell to FIL could be permanent, a one-way exit. As for this asset’s future, I’ll leave it for Xiaohei Ge to contemplate."
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