$DONT Token Sees 276× Gains Amid Insider Trading Claims
Wallet turns $4.1K into $1.13M on $DONT in 3 hours, raising insider trading concerns after dormant wallet activity.
- Wallet turns $4.1K into $1.13M in 3 hours via $DONT token.
- Wallet was inactive for 3 months before the trade.
- Suspicions of insider trading surface as wallet dumps tokens.
Suspicious Gains: From $4K to $1.13M in Hours
In a jaw-dropping crypto move, an anonymous wallet turned just $4,100 into a massive $1.13 million in under 3 hours through trading the newly launched $DONT token. The wallet, identified as z5m3Ja, purchased 29.08 billion $DONT tokens right before a major announcement by Nasdaq-listed DefiDevCorp introducing the token.
The timing of the transaction — just before the public launch — and the fact that the wallet had no prior activity for over three months, has raised serious concerns of insider trading within the crypto community.
Wallet Activity Suggests Insider Involvement
What’s striking about this event isn’t just the huge gain, but the wallet’s behavior. Before buying $DONT, z5m3Ja was inactive and had no other recent trading history. In fact, the wallet has only interacted with the $DONT token, further intensifying speculation that it may be tied to someone with early access or inside information about the token’s launch.
Since the purchase, the wallet has sold off 10.6 billion $DONT tokens for around $182,000. It still holds 18.5 billion tokens, valued at approximately $955,000 at the time of writing — bringing the total profit to $1.13 million.
Market Reaction and Regulatory Questions
The explosive 276× return and suspicious wallet behavior have raised questions about transparency and fair access in token launches — especially when corporate-backed tokens like $DONT are involved. If the wallet is indeed linked to someone with privileged access to launch details, it could spark regulatory attention and damage public trust in the project.
Such cases highlight the ongoing need for greater transparency and anti-insider measures in the crypto space, especially as traditional finance firms enter the Web3 world.
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