According to DL News, the Trump-themed meme coin DJT on Ethereum quickly became popular after the tech publication Pirate Wires published the news that it was issued with Trump's support. However, the Trump campaign team lacked communication on the matter, causing the public to question the authenticity of the report. A person familiar with the decision-making of the Trump campaign team revealed that the Trump campaign team was not involved in the project.
An early proponent of the idea that DJT is the “official Trump coin” was former pharmaceutical executive Martin Shkreli, who challenged members of the cryptocurrency community to a $100 million bet with pseudonymous cryptocurrency trader GCR that was canceled when the two parties could not agree on terms.
Later, Martin Shkreli claimed that he co-created the token with Trump's youngest son Barron Trump, who holds most of the tokens and is the sole beneficiary of the project. However, this claim has not been independently verified. Currently, betting on Polymarket shows that there is only a 3% chance that Trump or his family members launched the token.
