dont

Kairos Research co-founder @Ian_Unsworth posted that the address starting with "z5m3Ja" bought during the DONT token's internal trading phase and then sold in batches, accumulating nearly a million dollars in profit. However, the source address of the funds holds 30,000 LST tokens from DeFi Dev Corp.Moreover, the address one level up from the source address has a significant amount of direct activity with DeFi Dev Corp's validator nodes and was the first address to send funds to the DeFi Dev Corp validator identity address. Ian thus questioned the potential insider trading suspicion surrounding the DONT token.

Solana treasury company DeFi Development (DFDV) announced the issuance of the first-ever Meme coin created by a publicly listed company, DONT (DisclaimerCoin, please do not purchase). DFDV claimed in the announcement that DONT has not received any sponsorship, endorsement, or support from external influencers, KOLs, foundations, venture capital firms, or ecosystem partners. There is no roadmap, no advisors, no team, no practical functionality, and no commitments. It is an experiment spontaneously launched by DFDV, making it the first Meme coin created by a publicly listed company.DFDV intends to permanently hold 30% of the supply of DONT tokens. According to GMGN data, DONT's market cap briefly reached $28 million within 3 hours of launch, currently reported at $18 million, with a trading volume of $23 million. ChainCatcher reminds users that Meme coins often lack practical use cases and have significant price volatility, so investments should be approached with caution.