Martin Shkreli, known for his previous securities fraud conviction, has reportedly claimed to co-create the DJT token, a new crypto asset themed after Donald Trump.
The revelation comes as the token’s association with the Trump campaign remains unverified, stirring significant speculation and controversy.
‘Pharma Bro’ Martin Shkreli Allegedly Co-Creates Trump Crypto Token
In a recent disclosure, blockchain investigator Zachxbt highlighted that Shkreli asserted his involvement with the Solana-based DJT token during a discussion on the social media platform X.
Martin Shkreli‘s claim was accompanied by an assertion of having evidence supporting his role in the creation of the token alongside Donald Trump’s youngest son, Barron Trump.
This announcement followed a hefty $150,000 bounty offered by Arkham, a blockchain data platform, for identifying the token’s originator, which further fueled the intrigue surrounding DJT’s mysterious beginnings.
During the past two days, DJT token saw a dramatic surge in trading volume, sparked by unconfirmed rumors of Donald Trump’s involvement.
However, the token’s value plummeted by 56% within 24 hours as the market reacted to the uncertainty and Shkreli’s controversial past.
Despite his claims during yesterday’s unrecorded X space, the Trump campaign has yet to endorse the token officially, leaving the crypto community questioning the legitimacy and future impact of DJT on the market.
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