【Blockchain Rhythm】Another interesting move has appeared in the Solana ecosystem. According to GMGN data, the top address of meme coin DONT recently bought in at a low when the market cap was $35,600 — only investing $2,600. It doesn’t sound like much, but this investment has now yielded a profit of $1.03 million, a 396x return.
This guy is quite skilled at operations. During the price increase, he gradually reduced his holdings in small portions, selling about $200,000 worth of tokens, but didn’t dump everything at once, retaining most of his chips.
The background is as follows: DONT is a meme coin issued by DFDV, the third-largest treasury company in the Solana ecosystem, and DFDV itself holds 30% of the project’s tokens. This treasury company is quite influential in the Solana ecosystem — holding about 2.2 million SOL, with a market value of up to $285 million. In terms of scale, such an institution entering a meme coin project can still bring some imagination to the market.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
20 Likes
Reward
20
6
Repost
Share
Comment
0/400
LucidSleepwalker
· 01-24 13:57
396x? I just want to know how this guy found such a low-entry opportunity... luck or insider information?
---
DFDV's move is really aggressive, holding $285 million in reserves and still playing with meme coins. This must be the confidence of institutional players.
---
I reasonably suspect that DFDV is just doing wash trading itself, after all, 30% of the tokens are in hand, so they can manipulate the market as they wish.
---
26,000 yuan turns into 1,030,000 yuan. That's the real wealth secret. Why don't I have this luck...
---
Reducing 200,000 yuan in multiple batches without crashing the market. I've seen this trick too many times, just waiting for the next bagholder.
---
It feels like DFDV is just milking their meme coin, using institutional backing to fleece retail investors.
---
Wait, is DFDV's official account promoting their own coin? It feels a bit like insider manipulation.
---
396x is indeed incredible, but I'm more concerned about whether I can still get in now...
---
Damn, another crazy Solana story. This ecosystem is just unbelievable.
View OriginalReply0
Anon4461
· 01-23 12:27
$2,600 turned into 1,030,000. This move... is a bit outrageous. If I had known earlier, I would have bought DONT all in, haha.
View OriginalReply0
TokenRationEater
· 01-23 03:55
26,000 yuan turned into a million, this move is indeed extraordinary, but the question is, when will we have the chance to encounter such an opportunity?
View OriginalReply0
BearMarketBro
· 01-23 03:51
Wow, $2,600 turned into 396 times? That's a crazy move, and the key is that they haven't dumped yet... This is how big players operate.
2600 bucks multiplied by 396 times, this is exactly why I'm still in this battlefield... Watching others buy high and sell low, I'm still bottom-fishing and catching the falling knives.
Solana Ecosystem Meme Coin DONT: $35,600 market cap, buy low; now has a floating profit of $1,030,000
【Blockchain Rhythm】Another interesting move has appeared in the Solana ecosystem. According to GMGN data, the top address of meme coin DONT recently bought in at a low when the market cap was $35,600 — only investing $2,600. It doesn’t sound like much, but this investment has now yielded a profit of $1.03 million, a 396x return.
This guy is quite skilled at operations. During the price increase, he gradually reduced his holdings in small portions, selling about $200,000 worth of tokens, but didn’t dump everything at once, retaining most of his chips.
The background is as follows: DONT is a meme coin issued by DFDV, the third-largest treasury company in the Solana ecosystem, and DFDV itself holds 30% of the project’s tokens. This treasury company is quite influential in the Solana ecosystem — holding about 2.2 million SOL, with a market value of up to $285 million. In terms of scale, such an institution entering a meme coin project can still bring some imagination to the market.