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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.