According to Lookonchain, Mohammed Dewji MO launched the $TANZANIA token and sold it to investors, generating $1.48 million in profits. He initially distributed 90 $SOL (valued at $18,000) to 20 different wallets and purchased 793 million $TANZANIA tokens, representing 79.5% of the total supply. Following the accumulation of his position, Dewji shared the contract address and subsequently sold all 793 million tokens.

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.