๐ DJT Token Soars Amid Trump Rumors! ๐
#DJT token, launched two months ago on the Solana blockchain, skyrocketed by 180% on Monday following unconfirmed rumors that former U.S. President Donald J. Trump is behind it. If true, this would mark the first time a major party presidential candidate has created a cryptocurrency, but this claim remains unverified.Pirate Wires, a maverick media outlet, posted on X (formerly Twitter) that Trump is launching the official $DJT token, with his son Barron allegedly spearheading the project. The token's market cap hit $177 million at press time, despite skepticism about the rumors.In contrast, PoliFi tokens named after Trump saw a drop of over 10%. The original PoliFi Trump token, with a market cap of over $370 million, fell by 30%, while other themed tokens like Tremp and Boden also saw significant declines.Mike Solana, CMO of Founders Fund and editor-in-chief of Pirate Wires, posted a smart contract address but clarified he hadn't spoken directly with Trump. He suggested the possibility of a rug pull or pivot.The Trump campaign hasn't commented, and the former president hasn't mentioned the token on his TruthSocial platform. Reactions from the crypto community are largely skeptical, with Messari founder Ryan Selkis giving a 50-50 chance of the token being legitimate.On Polymarket, the prediction market platform, bettors gave only a 7% chance that Trump would launch a token by Friday. Meanwhile, Martin Shkreli, linked by sleuths to the $DJT Telegram group, denied involvement but claimed the project is authentic. He stated on an X space, "It's not my tokenโit's Trump's. You decide what to believe, but I'm certain it's official."
