TL;DR
- Martin Shkreli, known as “Pharma Bro,” has claimed that he participated in the creation of the controversial Solana-based DJT token, rumored to be linked to the Trump family.
- Shkreli revealed during an X Spaces session on June 18 that he helped a friend in launching the token, mentioning Barron Trump as one of those aware of the project.
- Arkham Intelligence has offered $150,000 to anyone who can identify the token’s creator.
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.
Shkreli made this revelation during an X Spaces session on June 18, where he explained that he helped a friend in launching the token in April. According to Shkreli, approximately 10 people were directly involved in the creation of the token and between 40 and 50 people were aware of its existence. During the conversation, Shkreli mentioned Barron Trump, son of Donald Trump, as one of those aware of the project.
Fuck it, we ball.
$150,000 to the first person to definitively prove the identity of the creator of $DJT.
Only on Arkham Intel. https://t.co/cngi98z9Wr https://t.co/5snKhSyfuh pic.twitter.com/lEA6rm3BCe
— Arkham (@ArkhamIntel) June 18, 2024
His controversial statements came shortly after Arkham Intelligence offered a $150,000 reward to anyone who could identify the creator of DJT. Arkham’s offer was in response to Shkreli accepting a $100 million bet with prominent crypto trader GCR on the legitimacy of the DJT token.
Arkham indicated that it would accept private proof of the creator’s identity, but that this would be made public if accepted. ZachXBT, a high-profile blockchain investigator, was one of those who submitted a request and suggested that his investigation influenced Shkreli’s decision to hold the X Spaces session.
DJT Lost 66% of Its Value
The alleged connection of DJT to the Trump family has had some impact on the market. The token has experienced considerable volatility in its value, currently trading at $0.012, a drop of more than 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.
