The third-largest treasury company in the Solana ecosystem has issued a Meme coin and holds 30% o...

BlockBeats News, January 23, according to GMGN monitoring, the Meme coin DONT issued by DFDV currently has a market cap 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 about 31.6% of the token's total supply.DeFi Development (DFDV) is the third-largest treasury company in the Solana ecosystem, with a treasury holding of about 2.2 million SOL, valued at around $285 million. The DFDV official team announced at 3 am today that they have burned all the tokens held by the address sniping the token and used the profits to buy back and burn tokens, totaling about 5.1% of the total supply in this round.DONT, short for "DisclaimerCoin," was launched by DFDV on Bonk fun yesterday evening. The company explicitly stated in the announcement that DONT has not received any official sponsorship, endorsement, or support, does not have a roadmap, team, actual utility, or any commitments, and is merely an experimental project initiated by DFDV. This makes it the first Meme coin created by a publicly traded company.