Solana’s DONT Token Faces Insider Trading Allegations After Presale Profits Near $1 Million
On January 23, allegations of insider trading surfaced around Solana’s DONT token after an address labeled "z5m3Ja" reportedly made nearly $1 million from presale trades and subsequent sales. DONT’s valuation briefly climbed to about 22 million USD before, according to CoinMarketCap, sliding to minimal market activity with no circulating supply and a fully diluted market cap of 32,104.61 USD. The case, raised by Kairos Research co-founder Ian Unsworth, has intensified debate about market integrity and potential regulatory responses in the crypto sector.