DFDV's DONT Meme Coin Hits $22M Market Cap with 5.1% Supply Burn
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Coinmarketcap
- Market Performance: DONT currently boasts a market cap of approximately $22 million, with a price around $0.000052 and a 24-hour trading volume of $35.8 million, indicating strong market demand and investor interest.
- Holding Structure: The largest holder of DONT is DFDV's official wallet, which controls about 31.6% of the total supply, potentially impacting market liquidity and price volatility.
- Token Burn: The DFDV team announced the burn of all tokens held by their address, using the proceeds to buy back and burn additional tokens, with this round's burn totaling approximately 5.1% of the total supply, serving as a key driver for the token's early morning rally.
- Project Background: DONT, as the first experimental meme coin launched by DFDV, explicitly states it has no official sponsorship, roadmap, or actual utility, reflecting an innovative attempt by a publicly traded company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
