Giant Coin Claim for Donald Trump: It May Be Officially Entering the Market

The token called DJT, which was launched on the Solana network two months ago, may be officially backed by Donald Trump.

Allegedly, DJT token is supported by former US president Donald Trump. While the claims are yet to be confirmed, the DJT price has more than doubled. Meanwhile, memecoins inspired by Donald Trump have lost value at double-digit rates.

Barron Trump's role

Independent media outlet Pirate Wires said in its post on It was also stated that Barron Trump managed this project.

Mike Solana, editor-in-chief of Pirate Wires and marketing manager of venture capital firm Founders Fund, shared the smart contract address of the DJT token under this post. This token had a market cap of more than $280 million at the time of writing.

Can do rug pulls

Mike Solana later clarified that he did not meet with Trump directly. Solana also added that Trump could do a rug pull or deny the allegations.

It is a complete coincidence that Mike Solana's last name is the same as the Solana blockchain.

Ryan Selkis, founder of blockchain data provider Messari, gave a 50% chance that Trump will officially launch a cryptocurrency.

Crypto followers give a 21% chance that Trump will release a coin by Friday, according to prediction marketplace Polymarket.

Martin Skhreli said, “I can confirm that it is a real Trump token. I'm familiar with this situation, but it's Trump's token, not mine. "Decide for yourself what to believe, but I'm 100% sure it's an official Trump token," he said.