DJT: The Trump-Themed Memecoin on Solana That Went Viral

DJT on Solana went viral on Monday after tech publication Pirate Wires posted that the token had been launched with Trump's blessing.

A memecoin named DJT on Solana (SOL) went viral on June 19 after a report claimed that the token was launched with former U.S. President Donald Trump’s blessing.

However, the lack of communication from the Trump campaign on the topic raised doubts about the veracity of the report.

An insider with direct knowledge of decisions surrounding the Trump campaign has now told Decrypt that the campaign wasn’t involved in the project.

An early proponent of the claim that DJT was “an official Trump coin” was former pharmaceutical executive Martin Shkreli, who later went on to challenge members of the crypto community to bet against it.

One such bet, reached with pseudonymous crypto trader GCR, was reportedly set at $100 million, but was ultimately called off due to the parties failing to agree on terms.

Meanwhile, bettors on Polymarket are assigning a 3% chance that Donald Trump himself launched the token, or that a member of his family or staff did so with his consent.

The bet has almost $2.5 million in liquidity and reached as high up as a 59% chance on June 17.

Shkreli later went on to claim that he created the token in collaboration with Donald Trump’s youngest son Barron Trump.

Speaking on X Spaces, an audio livestream hosted by influencer Mario Nawfal on Wednesday, Shkreli also claimed that Barron Trump holds the majority of tokens and is the sole beneficiary of the project.

Decrypt was unable to independently verify Shkreli’s claims.

According to crypto influencer Jordan Fish, better known as Cobie, Shkreli’s claim that a Trump family member, but not necessarily Donald Trump, led GCR to back down from the $100 million bet.

The DJT token is currently trading at $0.01 with a market value of $103 million, according to data from CoinGecko.

News source：https://www.kdj.com/cryptocurrencies-news/articles/djt-trumpthemed-memecoin-solana-viral.html

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