tldr; Solana treasury firm DeFi Development Corp. (DFDV) faced insider trading allegations after launching its meme coin, DisclaimerCoin (DONT). A trader identified as an ‚early sniper‘ bought $4,000 worth of DONT before its public announcement, profiting over $1 million as the token’s value surged. Blockchain data revealed connections between the sniper’s wallet and DFDV, raising suspicions. DFDV retrieved and burned the sniper’s tokens, denying wrongdoing and emphasizing transparency. The incident highlights concerns over ethical practices in crypto token launches.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Fear_Blind83 on
And now the 21 Billion $DONT tokens have been reclaimed from the sniper and burnt by DFDV reducing the token supply
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tldr; Solana treasury firm DeFi Development Corp. (DFDV) faced insider trading allegations after launching its meme coin, DisclaimerCoin (DONT). A trader identified as an ‚early sniper‘ bought $4,000 worth of DONT before its public announcement, profiting over $1 million as the token’s value surged. Blockchain data revealed connections between the sniper’s wallet and DFDV, raising suspicions. DFDV retrieved and burned the sniper’s tokens, denying wrongdoing and emphasizing transparency. The incident highlights concerns over ethical practices in crypto token launches.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
And now the 21 Billion $DONT tokens have been reclaimed from the sniper and burnt by DFDV reducing the token supply
https://solscan.io/tx/3upuAH43Nr166EPZR2ee5G1WfQS3FzkokC6q3ghWkFdGmCTfqcRuJuqCi3bv4MyNSB6ibdjQdp3seGEx5cZjmXep