A well-known private OTC (over-the-counter) trading desk has confirmed that its allocation of DALPY Coin presale tokens sold out “almost instantly,” fueling speculation of institutional entry into what was originally seen as a niche meme coin offering.

A senior executive at one of the top crypto market-making firms also echoed the news on X, stating that there are “no DALPY presale allocations remaining” at their OTC desk.

The announcement was made by the desk’s lead market maker, whose firm is responsible for operating one of the largest and most exclusive OTC crypto venues globally. While specific buyer identities remain undisclosed, the size and speed of the allocation’s absorption have prompted seasoned analysts to point to large funds or whales as the likely source.

"This is not something you see often—especially not with a meme coin still in presale," one on-chain analyst commented. "The only plausible explanation for this level of demand, executed so quickly and in bulk, is that a major VC or institutional whale has entered. There’s no other rational way to interpret this."

The OTC desk in question is widely known for facilitating high-volume, off-exchange token sales for early-stage crypto assets, primarily serving hedge funds, family offices, and HNWIs (high-net-worth individuals). Its sudden confirmation of full DALPY sellout has only intensified market chatter that the project may be backed—or soon to be backed—by serious capital.

Multiple whale-tracking accounts and blockchain sleuths have since posted wallet activity suggesting large transactions into what are believed to be DALPY foundation wallets, coinciding with the OTC desk’s announcement and adding credibility to the narrative.

Screenshots of relevant wallet addresses and various transaction records are now circulating widely across crypto Twitter and Reddit communities.

Some believe that the buyer may be preparing for a high-profile centralized exchange (CEX) listing announcement.

With speculation mounting and trading communities actively dissecting the event, many believe this may only be the beginning of a wider institutional movement surrounding DALPY. The question dominating the conversation now is not if, but when the next signal will emerge.