ZachXBT has refuted claims that DJT is an official Trump token, stirring up controversy in the crypto community. In response, Arkham Intelligence has offered a bounty of $150,000 to settle the speculation surrounding DJT.
Pirate Wires recently released a report suggesting that former U.S. President Donald Trump had launched his own cryptocurrency called DJT. This news caused a surge in the token’s value, overshadowing other meme coins in the market. According to the post, Trump’s son, Barron, was leading the project to launch the “official token” under the ticker DJT.
However, doubts arose within the crypto community regarding Trump’s involvement in the token. ZachXBT, a prominent crypto sleuth, revealed on X that it was actually Martin Shkreli who claimed to have co-created DJT with Barron. Shkreli, known for his controversial reputation in the pharmaceutical and cryptocurrency industries, made this announcement on X, causing further confusion.
Despite Shkreli’s claims, the Trump campaign and organization remained silent on the matter, fueling speculation and uncertainty around DJT. The token’s value had seen a significant increase over the past two months, with a 44.59% rise in price reported recently. However, following the confirmation of DJT’s creator, its value dropped by 8.52% to $0.002748, with trading volume also experiencing a slight decline.
As the market buzzed with activity surrounding DJT, Arkham Intelligence stepped in with a bounty offer of $150,000 to anyone who could definitively prove the identity of the token’s creator. This move came in the wake of three TRUMP whales selling a substantial number of tokens, totaling 473,433 and making a profit of over $6.2 million. The sudden whale activity was attributed to the ongoing speculations and controversies surrounding DJT, dividing the community’s opinions on the token’s future.
In other news, the ongoing conflict between the SEC and Ethereum has raised questions about the potential resolution of their differences, sparking interest and concern within the crypto space.