DFDV Announces the Release of Meme Coin DONT, Reaching a Market Cap of $28 Million Within 3 Hours

BlockBeats News, January 23rd, Solana Treasury Company DeFi Development (DFDV) announced the issuance of the world's first Meme coin created by a publicly listed company called DONT (DisclaimerCoin, do not buy).

DFDV claimed in the announcement that DONT has not received any sponsorship, endorsement, or support from any external influencer, KOL, foundation, venture capital firm, or ecosystem partner. There is no roadmap, no advisors, no team, no utility, and no commitments. It is an experiment self-launched by DFDV, making it the first Meme coin created by a publicly listed company. DFDV intends to permanently hold 30% of the DONT token's supply.

According to GMGN data, DONT's market cap reached 28 million dollars shortly after listing for 3 hours, and it is currently valued at 18 million dollars with a trading volume of 23 million dollars.

BlockBeats reminds users that Meme coins often lack practical use cases, experience significant price volatility, and investment should be approached with caution.