Home web3.0 Martin Shkreli Claims He Helped Create the Controversial DJT Token Linked to the Trump Family

Martin Shkreli Claims He Helped Create the Controversial DJT Token Linked to the Trump Family

Jun 19, 2024 pm 10:34 PM

Martin Shkreli, known as “Pharma Bro,” has claimed that he participated in the creation of the controversial Solana-based DJT token, which has been the subject of intense speculation due to rumors linking it to the Trump family.

Martin Shkreli Claims He Helped Create the Controversial DJT Token Linked to the Trump Family

Martin Shkreli, also known as “Pharma Bro,” has claimed that he was involved in the creation of the Solana-based DJT token, which has sparked rumors due to its supposed connection to the Trump family.

During an X Spaces session on June 18, Shkreli revealed that he helped a friend launch the token in April. He stated that about 10 people were directly involved in its creation and 40 to 50 people knew about it. In the conversation, Shkreli mentioned Barron Trump, son of Donald Trump, as being aware of the project.

His statements came after Arkham Intelligence offered a $150,000 reward to anyone who could definitively prove the identity of the creator of $DJT. This was prompted by Shkreli accepting a $100 million bet with prominent crypto trader GCR on the legitimacy of the DJT token.

Arkham stated that they would accept private proof of the creator's identity, but that this would be made public if accepted. High-profile blockchain investigator ZachXBT submitted a request, and his investigation is said to have influenced Shkreli's decision to hold the X Spaces session.

The alleged connection of DJT to the Trump family has had some impact on the market. The token has experienced significant volatility in its value, currently trading at $0.012, a drop of over 66% from its peak of $0.036.

Polymarket has recorded nearly $1.9 million in bets on whether the token was launched by Donald Trump or a member of his family. However, only 17% of the bets support this theory, and that figure dropped to 7% after Shkreli's revelation in X Space.

The rumor that Donald Trump is behind the token originated from an X post by the tech blog Pirate Wires, which claimed to be based on unspecified conversations. Mike Solana, creator of Pirate Wires, clarified that he had not spoken directly with Trump and was simply reporting what he knew from his sources.

The controversy surrounding DJT continues, and the community awaits any news that could shed light on its origin. Meanwhile, Arkham Intelligence's offer and Shkreli's statements have intensified the debate around this enigmatic asset.

News source:https://www.kdj.com/cryptocurrencies-news/articles/martin-shkreli-claims-helped-create-controversial-djt-token-linked-trump-family.html

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