Recently, there have been reports that TrumpCoin (DJT), believed to be associated with Donald Trump, was actually created by the well-known businessman Martin Shkreli, who has been accused of financial fraud.
This information comes from the renowned blockchain analyst ZachXBT, who revealed this 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 have led the project.
Half an hour after contacting ZachBTX, Shkreli publicly shared that he is the creator of TrumpCoin.
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Shortly after ZachBTX submitted a message to Arkham Intelligence seeking a $150,000 reward to identify the DJT developers, the analyst received a message from Shkreli.
For those who are confused and need more background information.
Earlier today, Arkham announced a $1.5 million reward to find the identity of the DJT creator
UTC time 11:49 pm I replied to Arkham saying I submitted the reward
11:57 pm UTC Martin Shkreli panics DM is me
UTC time 12:27 Martin Shkreli…
pic.twitter.com/pKCQDOo7AZ
– ZachXBT (@zachxbt)
June 19, 2024
For verification purposes, ZachXBT connected a DJT holder who sold tokens worth approximately $832 to another service operated by Shkreli called Shoggoth.ai.
In the past day, Solana-based tokens have been the focus of media attention and speculation. Pirate Wires reported on Monday that TrumpCoin surged by 187%, but this increase was short-lived as insiders began selling their holdings.
Birdeye data shows a total 24-hour trading volume of $34.6 billion and a market capitalization of $13.1 billion.
