# $PHALA Catalyst Posts & Social Intelligence Recap — June 16, 2026 > **Asset:** $PHALA > **Date:** 2026-06-16 (June 16, 2026) > **Canonical URL:** https://cryptitalk.com/tokens/phala/2026-06-16 > **Token Profile:** https://cryptitalk.com/tokens/phala.md > **Market Rankings:** https://cryptitalk.com/rankings.md --- ## Curated Viral Posts & Community Evidence ### Post #1 by @SnapshotLabs > **Author:** Snapshot.eth ([@SnapshotLabs](https://x.com/SnapshotLabs)) > **Metrics:** 2 likes · 1 retweets · 0 comments · 5 views > **Posted:** 2026-06-16T13:35:28+00:00 > **Source Link:** [https://x.com/SnapshotLabs/status/2066877319298634193](https://x.com/SnapshotLabs/status/2066877319298634193) > **Visual Note:** The image shows a spreadsheet containing information about Phala Network, their governance structure, and the proposed change to move all governance reserves into a multi-signature wallet operated by Phala Ltd., which would be controlled by community members rather than being run by a company. The screenshot appears to be part of a post discussing this issue on social media or an online platform. > > "@PhalaNetwork is voting to move its entire governance treasury - ~60.69M $PHA, roughly $2.1M USD at current prices - into a multi-signature wallet controlled by Phala Ltd. The community would trade direct control of the treasury for a company-run operating structure. The case" --- *Generated by Context Pilot Social Intelligence Engine.*