June 18, 2024 Trump releases coin? Market value 276 million USD, up 218% after 24 hours

Today, there was a rumor in the community that Trump released a coin, then the media denied the rumor, calling it fake news.

DJT, the token on the Solana chain, according to Dexscreener shows a current FDV of about 267 million USD, with a 218% increase in 24 hours.

Solana Token Address: HRw8mqK8N3ASKFKJGMJpy4FodwR3GKvCFKPDQNqUNuEP

What is the origin of DJT?

There is a bit of a conspiracy theory about DJT's price increase.

On the 17th, an unconfirmed report claimed that former US President Donald J. Trump was behind it, so the price directly increased by 180%.

The first news came from Pirate Wires, whose official account posted on X: "According to the conversation, Trump will launch the official token DJT on Solana."