DONT Profiting Million Dollar Address Highly Associated with DeFi Dev Corp, Suspected of Insider Trading

BlockBeats News, January 23, Kairos Research co-founder @Ian_Unsworth posted that the address starting with 「z5m3Ja」 bought into the DONT token during the presale phase and then sold in batches, accumulating nearly a million US dollars in profit. However, the source address of this address holds 30,000 DeFi Dev Corp's LST tokens. The next-level source address has significant direct activity with the DeFi Dev Corp validator node and is the first address to send funds to the DeFi Dev Corp validator identity address.

Ian thus questioned the suspicion of insider trading in the DONT token.

In the early morning today, the Solana ecosystem's third-largest treasury company issued the Meme coin DONT and holds 30%, with the latter's market value quickly reaching 22 million US dollars.