[Forgd Founder: Information Asymmetry and Front-Running Are Spreading to DAT Products, Institutional Tools Face Rising Manipulation Risks] Odaily Planet Daily News – Shane Molidor, founder of blockchain consulting firm Forgd, stated that information asymmetry and front-running behaviors are spreading from traditional token markets to institutional-grade products such as Digital Asset Trusts (DAT). Molidor pointed out that in the early stages, DATs primarily allocated highly liquid, large-cap assets like Bitcoin, which had high price discovery efficiency and limited room for manipulation. However, as competition intensifies, many DATs have started shifting towards lower-liquidity, smaller-cap tokens in pursuit of higher returns, making them more susceptible to price manipulation and abnormal volatility. He further noted that the fundraising process for DATs also carries structural risks: during communications with potential investors, insiders may gain prior knowledge of future token purchase directions, allowing them to pre-position in the secondary market and profit from subsequent capital inflows. This type of 'quasi-insider' front-running could become a new risk for institutional products. (Cointelegraph)