Recently, there have been reports suggesting that TrumpCoin (DJT), believed to be associated with Donald Trump, is actually created by the notorious businessman Martin Shkreli, who is facing financial fraud charges.
This information came from the renowned blockchain analyst ZachXBT, who revealed it through a post on X.
“Let it stay between us. I have over 1,000 proofs that it was created by me and Barron together” – referring to Barron Trump, who is said to lead the project.
Shortly after contacting ZachBTX, Shkreli publicly shared that he is the creator of TrumpCoin.
Read more:
Despite strong interest, Andrew Tate’s cryptocurrency plummets nearly 20%.
Shortly after ZachBTX submitted a message to Arkham Intelligence, seeking a $1.5 million reward to identify the developer of DJT, the analyst received a message from Shkreli.
For those confused and in need of more background information.
Earlier today, Arkham announced a $1.5 million reward to find the identity of the DJT creator.
UTC 11:49 pm, I replied to Arkham saying I submitted the reward.
UTC 11:57 pm, Martin Shkreli panic DMs me.
UTC 12:27 Martin Shkreli…
pic.twitter.com/pKCQDOo7AZ
— ZachXBT (@zachxbt)
June 19, 2024
For verification purposes, ZachXBT connected a DJT token holder, who sold tokens worth approximately $832, to another service operated by Shkreli called Shoggoth.ai.
Over the past day, Solana-based tokens have been the focus of media attention and speculation. Pirate Wires reported on Monday that TrumpCoin had surged 187%, but this increase was short-lived due to insiders starting to sell their holdings.
Birdeye data shows a total 24-hour trading volume of $34.6 billion and a market capitalization of $13.1 billion.
