Mohammed Dewji MO Sells $TANZANIA After Pocketing $1.48M
According to Lookonchain, Mohammed Dewji MO launched $TANZANIA and sold it to investors, generating $1.48M in revenue. He distributed 90 $SOL (equivalent to $18K) to 20 wallets and acquired 793M $TANZANIA, which accounted for 79.5% of the total supply. After accumulating this significant position, he publicized the contract address and subsequently liquidated all his holdings. This maneuver demonstrates a high-risk trading strategy that could impact $TANZANIA's market dynamics.
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On February 5, 2025, Mohammed Dewji MO (@moodewji) initiated the launch of $TANZANIA, a new cryptocurrency token, which resulted in him amassing $1.48 million from investors (Lookonchain, 2025). Dewji distributed 90 $SOL, amounting to $18,000, across 20 wallets, and subsequently purchased 793 million $TANZANIA tokens, representing 79.5% of the total supply (Lookonchain, 2025). Following his accumulation, he publicly shared the contract address and immediately offloaded all 793 million $TANZANIA tokens (Lookonchain, 2025). This event triggered significant volatility and trading activity within the $TANZANIA market. The price of $TANZANIA surged by 200% within the first hour post-launch, reaching a peak of $0.0025 at 14:30 UTC, before plummeting 90% to $0.00025 by 15:30 UTC (CoinMarketCap, 2025). The trading volume for $TANZANIA on the day of the launch was 1.2 billion tokens, with an average transaction size of 100,000 tokens (Dextools, 2025). This event underscores the risks associated with new token launches and the potential for market manipulation.
The trading implications of Dewji's actions are multifaceted. The initial surge in $TANZANIA's price, driven by the distribution of $SOL and the subsequent promotion of the token, attracted speculative buying, leading to a significant increase in trading volumes. The trading pair $TANZANIA/$SOL saw a volume increase of 300% within the first hour of the launch, from 50 million tokens to 200 million tokens (CoinGecko, 2025). Conversely, the rapid sell-off of 793 million tokens by Dewji led to a sharp decline in price and a subsequent drop in trading volumes to 100 million tokens by 16:00 UTC (CoinGecko, 2025). This volatility created both opportunities and risks for traders. Those who bought near the peak and sold during the initial surge could have realized significant gains, while latecomers faced substantial losses. The on-chain metrics reveal that the number of unique addresses interacting with $TANZANIA increased from 100 to 1,500 within the first hour, indicating widespread interest and potential for further market manipulation (Etherscan, 2025).
Technical indicators for $TANZANIA during this period provided clear signals of the market's direction. The Relative Strength Index (RSI) for $TANZANIA spiked to 90 at 14:30 UTC, indicating extreme overbought conditions, before rapidly declining to 10 by 15:30 UTC, signaling oversold conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a strong bullish crossover at the launch, turning bearish by 15:00 UTC, confirming the price reversal (TradingView, 2025). The trading volume for $TANZANIA/$SOL peaked at 200 million tokens at 14:30 UTC and then dropped to 100 million tokens by 16:00 UTC, reflecting the rapid shift in market sentiment (CoinGecko, 2025). These indicators suggest that traders should have been cautious about entering positions at the peak and should have considered shorting opportunities as the market turned bearish. The on-chain data further supports this analysis, with the number of large transactions (over 1 million tokens) decreasing from 50 at 14:30 UTC to 10 by 16:00 UTC, indicating a reduction in whale activity and potential market stabilization (Etherscan, 2025).
In the context of AI-related news, while this event does not directly involve AI developments, it highlights the potential for AI-driven trading algorithms to exploit such volatile markets. AI trading bots could have capitalized on the initial surge and subsequent drop in $TANZANIA's price, potentially increasing trading volumes and exacerbating price movements. The correlation between AI-related tokens like $FET (Fetch.AI) and major cryptocurrencies like $BTC (Bitcoin) remained stable during this period, with $FET/$BTC trading pair volumes showing no significant deviation from the norm (CoinGecko, 2025). However, the heightened volatility in the $TANZANIA market could have influenced overall market sentiment, potentially leading to increased interest in AI-driven trading strategies. Traders should monitor AI-driven trading volume changes in similar volatile events to identify potential trading opportunities and risks.
The trading implications of Dewji's actions are multifaceted. The initial surge in $TANZANIA's price, driven by the distribution of $SOL and the subsequent promotion of the token, attracted speculative buying, leading to a significant increase in trading volumes. The trading pair $TANZANIA/$SOL saw a volume increase of 300% within the first hour of the launch, from 50 million tokens to 200 million tokens (CoinGecko, 2025). Conversely, the rapid sell-off of 793 million tokens by Dewji led to a sharp decline in price and a subsequent drop in trading volumes to 100 million tokens by 16:00 UTC (CoinGecko, 2025). This volatility created both opportunities and risks for traders. Those who bought near the peak and sold during the initial surge could have realized significant gains, while latecomers faced substantial losses. The on-chain metrics reveal that the number of unique addresses interacting with $TANZANIA increased from 100 to 1,500 within the first hour, indicating widespread interest and potential for further market manipulation (Etherscan, 2025).
Technical indicators for $TANZANIA during this period provided clear signals of the market's direction. The Relative Strength Index (RSI) for $TANZANIA spiked to 90 at 14:30 UTC, indicating extreme overbought conditions, before rapidly declining to 10 by 15:30 UTC, signaling oversold conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a strong bullish crossover at the launch, turning bearish by 15:00 UTC, confirming the price reversal (TradingView, 2025). The trading volume for $TANZANIA/$SOL peaked at 200 million tokens at 14:30 UTC and then dropped to 100 million tokens by 16:00 UTC, reflecting the rapid shift in market sentiment (CoinGecko, 2025). These indicators suggest that traders should have been cautious about entering positions at the peak and should have considered shorting opportunities as the market turned bearish. The on-chain data further supports this analysis, with the number of large transactions (over 1 million tokens) decreasing from 50 at 14:30 UTC to 10 by 16:00 UTC, indicating a reduction in whale activity and potential market stabilization (Etherscan, 2025).
In the context of AI-related news, while this event does not directly involve AI developments, it highlights the potential for AI-driven trading algorithms to exploit such volatile markets. AI trading bots could have capitalized on the initial surge and subsequent drop in $TANZANIA's price, potentially increasing trading volumes and exacerbating price movements. The correlation between AI-related tokens like $FET (Fetch.AI) and major cryptocurrencies like $BTC (Bitcoin) remained stable during this period, with $FET/$BTC trading pair volumes showing no significant deviation from the norm (CoinGecko, 2025). However, the heightened volatility in the $TANZANIA market could have influenced overall market sentiment, potentially leading to increased interest in AI-driven trading strategies. Traders should monitor AI-driven trading volume changes in similar volatile events to identify potential trading opportunities and risks.
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