Solana's third-largest treasury company in the ecosystem launches a Meme coin and holds 30% of the supply, with DONT's market cap currently at $22 million.
BlockBeats News, January 23rd, according to GMGN monitoring, the Meme coin DONT issued by DFDV currently has a market value of about $22 million, with a price of about $0.000052, and a 24-hour trading volume of $35.8 million. The largest current holder is the DFDV official wallet, holding approximately 31.6% of the token's total supply.
DeFi Development (DFDV) is the third-largest treasury company in the Solana ecosystem, with its treasury holding about 2.2 million SOL worth around $285 million. The DFDV official announcement at 3 a.m. today stated that all tokens held by the address sniping the token have been burned, and the profits obtained will be used to buy back and burn tokens, resulting in a cumulative destruction of about 5.1% of the total supply in this round, mainly driving the second early morning surge of the token.
DONT, short for "DisclaimerCoin," was launched last night by DFDV on Bonk fun. The company explicitly stated in its announcement that DONT has not received any official sponsorship, endorsement, or support, does not have a roadmap, team, actual functionality, or any commitments, and is only an experimental project initiated by DFDV. This makes it the first Meme coin created by a publicly traded company.
BlockBeats reminds users that Meme coin trading is highly volatile, relies heavily on market sentiment and conceptual hype, has no actual value or use case, and investors should be aware of the risks.
You may also like
When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products
My view on blockchain has changed
Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?
Deconstructing 80 mainstream payment institutions and wallets worldwide
The MiCA Fast Track for Cryptocurrency Licenses: Why OKX and BVNK Choose Malta
a16z Crypto: Stablecoins are rebuilding the global financial infrastructure
ENI's RWA ambition: to create an enterprise-level BaaS platform that allows Web2 institutions to "go beyond just asset on-chain."
Morning Report | a16z releases global financial new stack report; Websea's withdrawal channel suspected of running away; Strategy purchased 3,273 bitcoins last week
The most Crypto group of people is becoming the least Crypto
MSTR STRC In-depth Study: The BTC Financing Flywheel Behind the 11.5% Yield
Bitcoin ETF News: $824M Weekly Inflows, BTC Hits $79K as Bitcoin 2026 Conference Opens in Las Vegas
Bitcoin ETF news today shows institutions absorbed 19,000 BTC in just 8 trading days as inflows reached $2.43B in April. With Bitcoin Conference Week underway and BTC testing $79K, traders are watching whether supply pressure could trigger the next breakout.
BNB Chain Spring Report: From New Heights in RWA to Leading the AI Agent Economy, a "Structural Leap" is Happening
Who authorized this? The gray area of x402
What is the background of 5(c) Capital, which has both Polymarket and Kalshi CEOs as investors?
This Week's Key News Preview | The Federal Reserve Announces Interest Rate Decision; MegaETH Conducts TGE
Lower the expectations for the next bull market of BTC
Morning News | Aave announces the establishment of a recovery fund; Michael Saylor releases Bitcoin Tracker information; Vietnam plans to launch a pilot project for crypto assets
Crypto ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $823 million; the net inflow for Ethereum spot ETFs in the U.S. was $155 million
When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products
My view on blockchain has changed
Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?
Deconstructing 80 mainstream payment institutions and wallets worldwide
The MiCA Fast Track for Cryptocurrency Licenses: Why OKX and BVNK Choose Malta
a16z Crypto: Stablecoins are rebuilding the global financial infrastructure
