Blockchain investigator ZachXBT recently unveiled that the creator of TrumpCoin (DJT) is none other than Martin Shkreli, the infamous financier who was sentenced to over six years in prison for securities fraud and conspiracy.
The revelation came after Arkham announced a $150,000 bounty for identifying the DJT creator. ZachXBT tweeted the following timeline of events:
“Earlier today Arkham announced a $150K bounty for the identity of the DJT creator.
11:49 pm UTC: I reply to Arkham saying I submitted for the bounty. 11:57 pm UTC: Martin Shkreli panic DM’s me. 12:27 am UTC: Martin Shkreli creates a Spaces and announces he is the creator of DJT.”
For those who are confused and need additional context.
Earlier today Arkham announced a $150K bounty for the identity of the DJT creator
11:49 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
Following the revelation, significant insider activity was reported. Verso.sol, a major DJT insider, dumped $832,000 worth of DJT and then deposited USDC to a centralized exchange. This individual is also a large holder in Shkreli’s other project, Shoggoth.
An account named CWR, who served as the admin of the DJT Telegram group, is very active in Shkreli’s public Discord server, boasting over 1,000 messages. CWR, whose Discord username is ‘cameronrox,’ has referred to himself multiple times as Cameron Roxborough and claimed to have attended school with Barron Trump. Last night, CWR exited both the Telegram group and Discord server, but his messages remain in the Discord server.
Insider Sold 58.71 Million DJT For 9,870 SOL
According to on-chain data from Lookonchain, an insider sold all 58.71 million $DJT (TrumpCoin) for 9,870 $SOL ($1.37 million) today, making 7,507 $SOL ($1.04 million) in just two days.
This insider sold all 58.71M $DJT(#TrumpCoin) for 9,870 $SOL($1.37M) 4 hours ago!
He made 7,507 $SOL($1.04M) in just 2 days!https://t.co/jN8FcbvYuF pic.twitter.com/VL7WbOkmvW
— Lookonchain (@lookonchain) June 19, 2024
Another insider made a significant profit by buying a large amount of $DJT before the revelation and sold it for over $1 million.
This individual created a new wallet three days ago, withdrew 72 $SOL from Binance, spent 67.1 $SOL ($9,400) to buy 58.87 million $DJT, and sold it for 7,387 SOL ($1.03 million) and 10,241 $USDC, achieving a 110x gain.
Another insider bought a large amount of $DJT(#TrumpCoin) before the post and made more than $1M with a cost of only $9,400!
This insider created a new wallet 3 days ago and withdrew 72 $SOL from #Binance.
He spent 67.1 $SOL($9,400) to buy 58.87M $DJT, then sold for 7,387… pic.twitter.com/xe8fAYlwDG
— Lookonchain (@lookonchain) June 19, 2024
The unmasking of Shkreli and the subsequent insider trading activities have raised significant concerns within the crypto community, highlighting the ongoing need for vigilance and transparency in the sector.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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