According to DL News, DJT, a Trump-themed meme coin on Ethereum, quickly became popular after the tech publication Pirate Wires published news that it was issued with Trump's support. However, the Trump campaign's lack of communication on the matter has caused public doubts about the authenticity of the report. A person familiar with the Trump campaign's decision-making revealed that the Trump campaign was not involved in the project. Martin Shkreli, a former pharmaceutical company executive, once advocated DJT as the "official Trump coin" and challenged members of the cryptocurrency community. His bet with the pseudonymous trader GCR was as high as $100 million, but it was canceled due to disagreements on the terms.