|

Solana DAT’s $DONT Memecoin Hits $26M – But Degens Are Warned: “Don’t Buy It”

⚠

Defi Development Corporation has pushed the boundaries of crypto tradition and company experimentation after launching what it describes because the world’s first memecoin created by a publicly traded firm.

The firm’s transfer has already ignited controversy throughout the Solana ecosystem.

The token, known as DisclaimerCoin and buying and selling below the ticker $DONT, briefly surged to a market capitalization of greater than $26 million inside hours of launch.

DFDV Launches $DONT Memecoin as a Corporate Experiment

The launch comes at a time when Solana’s memecoin market stays hyperactive, pushed by hypothesis, fast liquidity rotation, and a rising overlap between on-chain tradition and institutional capital.

Against that backdrop, DFDV’s determination to challenge a memecoin has raised questions not solely about market habits but in addition about how far publicly listed corporations can go in embracing crypto-native norms with out crossing regulatory or moral strains.

DeFi Development Corporation mentioned that $DONT was deliberately launched with out a utility, roadmap, or guarantees.

The firm framed the token as a dwell experiment slightly than a product, stating that it exists purely to check what occurs when an actual company engages immediately with internet-native markets.

In a publish confirming the launch, DFDV govt Dan Kang said the token was official and reiterated a easy message to merchants: “Don’t purchase it.”

Despite this, on-chain exercise of the token has seen huge exercise.

Within two hours of launch on the Bonk.enjoyable platform and Raydium liquidity swimming pools, $DONT climbed quickly, with early wallets recording outsized beneficial properties.

Source: Raydium

On-chain Data Flags Early Profits in $DONT Debut

On-chain information exhibits that some addresses had been in a position to commerce the token profitably earlier than or instantly after the general public announcement, fueling hypothesis about insider entry or privileged info.

One pockets reportedly offered billions of $DONT tokens for tons of of 1000’s of {dollars} in revenue with out buying them on the open market.

Meanwhile, different wallets linked by analysts to validator infrastructure related to DFDV additionally posted beneficial properties.

The suspicious exercise has added to skepticism, significantly given Solana’s historical past of high-profile memecoin launches tied to compromised social media accounts.

However, Defi Development Corporation has repeatedly affirmed the authenticity of the token that $DONT was formally issued by DFDV.

Tokenomics printed by the corporate define a set provide of 420 billion $DONT, with no inflation mechanism.

Thirty p.c of the availability is held completely on DFDV’s stability sheet, forty p.c was allotted to public liquidity, and twenty p.c was reserved for ecosystem and group functions.

Additionally, ten p.c is assigned to early contributors, together with workers topic to predefined gross sales guidelines.

As a results of the worth surge, the stability sheet allocation alone briefly translated into an estimated $8 million enhance within the firm’s reported on-chain belongings.

DeFi Development Sticks With Solana Despite Treasury Drawdown

The transfer matches right into a broader sample of experimentation by DeFi Development Corporation, which has positioned itself as an unconventional digital asset treasury agency.

Since adopting its non-Bitcoin DAT strategy in 2025, the corporate has tokenized its inventory on-chain, operated validators as a treasury operate, and deployed capital into Solana DeFi protocols to generate yield.

The agency ended 2025 as one of many top-performing crypto-linked Nasdaq shares, even because the broader Solana market confronted declining costs.

That context is vital, as Solana-focused treasuries have been below strain in latest months. With SOL down sharply from late 2025 highs, many DATs have seen treasury values fall, and web asset values compress.

DFDV’s treasury, presently valued at roughly $283 million and centered round practically 2.2 million SOL, has declined by greater than 30% over the previous three months, underscoring the monetary pressure throughout the sector.

The publish Solana DAT’s $DONT Memecoin Hits $26M – But Degens Are Warned: “Don’t Buy It” appeared first on Cryptonews.

Similar Posts