PANews reported on June 20 that according to DL News, on Monday, the Trump-themed meme coin DJT on Ethereum quickly became popular after the technology publication Pirate Wires released the news that it was issued with Trump's blessing. However, the Trump campaign team lacked communication on the matter, raising public doubts about the authenticity of the report. A person familiar with the decision-making of the Trump campaign team revealed that the Trump campaign team was not involved in the project.
Meanwhile, former pharmaceutical executive Martin Shkreli has challenged members of the cryptocurrency community to advocate for DJT as the "official Trump coin." His $100 million bet with pseudonymous trader GCR was canceled due to disagreements over terms. Currently, Polymarket traders believe there is a 3% chance that Trump or his family members or employees will issue the token, with liquidity of nearly $2.5 million and a peak probability of 59% on June 17.
Shkreli further claimed that he worked with Trump's youngest son Barron Trump to issue the token, and said on the X Spaces show on Wednesday that Barron Trump has most of the tokens and is the sole beneficiary of the project. However, DL News was unable to independently verify his claims. Crypto influencer Jordan Fish (also known as Cobie) revealed that Shkreli claimed that it was Trump family members, not Trump himself, who pulled GCR out of the $100 million bet.
