On-chain sleuth ZachXBT exposed Martin Shkreli, widely known as “Pharma Bro,” as the creator of the new Solana-based meme coin, called TrumpCoin (DJT).
On June 19, Arkham Intelligence announced a $150,000 bounty for exposing the deployer of DJT. A few hours later, ZachXBT claims that Shkreli is the creator of the meme coin after he “panic” messaged the on-chain investigator.
For those who are confused and need additional context. Earlier today Arkham announced a $150K bounty for the identity of the DJT creator11:49 pm UTC I reply to Arkham saying I submitted for the bounty11:57 pm UTC Martin Shkreli panic DM’s me 12:27 am UTC Martin Shkreli… pic.twitter.com/pKCQDOo7AZ
— ZachXBT (@zachxbt) June 19, 2024
However, Shkreli, who served around seven years in prison with a $70 million fine for committing securities fraud, claims that former U.S. President Donald Trump’s 18-year-old son, Barron Trump, is also involved in the meme coin. He added:“I did not act alone.”
Moreover, Shkreli said in an X post that the keys to the token’s contract are with “Trump” — pointing out Barron Trump. Screenshots shared by ZachXBT show Shkreli claiming that he has more than “1,000 pieces of evidence” proving the involvement of the 18-year-old Trump in the meme coin’s deployment.
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In addition, in an X Spaces on June 18, Shkreli claimed that the former U.S. President also approved the project and a total of 10 people were involved in its launch. He even claimed that Trump has been discussing the potential listing of TrumpCoin with the Kraken crypto exchange.
' @MartinShkreli noting @blknoiz06's involvement with $DJT 👀 pic.twitter.com/YmFwgCPozF
— macki (@_mackinac) June 19, 2024
Despite the drama surrounding the meme coin, DJT surged by 29% in the past 24 hours and is trading at $0.015 at the time of writing. The asset’s market cap is currently sitting at $165 million with a daily trading volume of $9 million.
DJT price – June 20 | Source: birdeye.so
However, the price movement of the meme coin has some investors worried as TrumpCoin took a sharp fall from its all-time of $0.038 on June 18.
There have been no updates from the former U.S. President regarding the launch of an official meme coin yet.
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