DeFi Development Corp. faces insider trading scrutiny after DisclaimerCoin $DONT wallet jumps from $4,100 to $1.1M
Nasdaq-listed DeFi Development Corp., a Solana treasury-focused company, faces insider trading allegations after a single wallet bought roughly 29 billion DisclaimerCoin ($DONT) tokens for about $4,100 before the public launch and later exceeded $1.1 million in value. On-chain analysts linked the wallet’s funding paths and staking activity to infrastructure associated with the firm, while the company said it conducted an internal review, labeled the address an "early sniper," and burned over 17 billion $DONT tokens.