ZachXBT claimed that DJT is not an official Trump token.
Arkham Intelligence offered Bounty money of $150,000 to resolve the DJT speculation.
A speculated report was out last day by Pirate Wires on their X post that former U.S. President Donald Trump has launched his cryptocurrency, DJT. It has sent that token value high while other meme coins have dived down. The post on X, “per conversations,” Trump was launching an “official token” with the ticker DJT, and the project spearheaded by “Barron,” Trump’s son.
The crypto community doubted that Trump was behind the token and later it was clear that it was his son, Barron as per ZachXBT, a crypto sleuth, posted on X, 5 hours ago. It claims that Martin Shkreli, a pharmaceutical industry executive, privately messaged him on X, stating that he had “over 1K pieces of evidence” that “he created it with Barron.” Shkreli announced that he is the co-creator of DJT, a Solana-based Trump token on X. Shkreli’s reputation in both the pharmaceutical and cryptocurrency sectors is disrupted.
On Monday, Shkreli reposted the Pirate Wires tweet claiming DJT is the official Trump token. The Trump campaign and the Trump Organization didn’t respond to the launch of the token.
DJT coin was introduced to the crypto market for two months, and the token value went up considerably. Its price was up by 44.59% yesterday. Notably, it has declined by 8.52% to $0.002748 within the past 24 hours. Moreover, the trading volume dipped by 1.61% to $358K. The confirmation regarding the DJT token has driven the price down.
DJT Abuzz the Market
Meanwhile, 10 hours ago, Arkham Intelligence offered bounty money to the one who can prove the ambiguity of the Donald Trump-themed Solana token, DJT.
“F**k it, we ball. $150,000 to the first person to definitively prove the identity of the creator of $DJT,” Arkham posted on X.
According to Lookonchain, an on-chain analytics firm, three TRUMP whales sold a total of 473,433 tokens and made a collective profit of over $6.2 million yesterday. The sudden whale activity was driven by recent speculations and controversies around the token. The community response is mixed, with concern over the future of the token, while others take it as profit-making.
Highlighted News of the Day
Is the War Between the SEC and Ethereum Nearing an End?