In the digital cryptocurrency space, where memes and rumors can send prices soaring or plummeting, the Trump-themed DJT token has once again raised public eyebrows. Martin Shkreli, infamously known as “Pharma Bro,” has come forward claiming involvement in the creation of the DJT token. This revelation adds fuel to the ongoing speculation about the origins of the Trump-themed cryptocurrency.
During a Twitter Spaces session on June 18, Shkreli shared that he was “helping a friend” when the Solana-based DJT token was launched in April. He noted that around 10 people were directly involved in the project, with 40 to 50 others aware of its development. Intriguingly, Shkreli mentioned Donald Trump’s son, Barron Trump, as part of the group aware of the token.
https://t.co/J3eNtLOGKN
— Martin Shkreli (e/acc) (@MartinShkreli) June 19, 2024
The Bounty Hunt
This disclosure came shortly after Arkham Intelligence offered a hefty $150,000 bounty for anyone who could definitively identify the creator of DJT. This move was in response to a $100 million bet between Shkreli and prominent crypto trader GCR on whether the DJT token was legitimate.
“Fuck it, we ball. $150,000 to the first person to definitively prove the identity of the creator of $DJT,” Arkham posted on Twitter.
Fuck it, we ball.$150,000 to the first person to definitively prove the identity of the creator of $DJT. Only on Arkham Intel. https://t.co/cngi98z9Wr https://t.co/5snKhSyfuh pic.twitter.com/lEA6rm3BCe
— Arkham (@ArkhamIntel) June 18, 2024
The bounty sparked a frenzy among blockchain detectives, with high-profile sleuth ZachXBT among those submitting evidence. ZachXBT’s involvement reportedly influenced Shkreli’s decision to hold the Twitter Spaces.
Hilarious how you panic DM me after I reply to Arkham saying I submitted a bounty about for creator of DJT and then make a last minute spaces announcing you created it. pic.twitter.com/tppK74Lrq0
— ZachXBT (@zachxbt) June 19, 2024
Amidst this chaos, the decentralized betting platform Polymarket has seen nearly $1.9 million in wagers on whether the DJT token was initiated by Donald Trump or a family member. The speculation was originally stoked by tech blog Pirate Wires, which suggested Trump’s involvement based on unnamed sources.
Per conversations, Trump is launching an official token — $DJT on Solana. Barron spearheading.
— Pirate Wires (@PirateWires) June 17, 2024
However, following Shkreli’s Twitter Spaces, the belief in Trump’s direct involvement plummeted, with only 7% of bets now siding with the notion that Trump or his family are behind DJT. Despite this, the token’s price has taken a significant hit, trading at 0.012, down over 66% from its peak of 0.036 on June 17, according to Birdseye.
The story of the DJT token goes to show the wild and often unpredictable nature of the crypto world, where rumors and high-stakes bets can drive market behavior as much as concrete facts. As the mystery unfolds, it remains to be seen whether Shkreli’s claims hold water or if the true origins of DJT will remain an enigma.
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