Former President Donald Trump’s youngest son, Barron Trump, is rumored to be behind a booming meme crypto coin that amassed hundreds of millions of dollars.
Martin Shkreli, the notorious “Pharma Bro” investor and convicted securities fraudster, has come forward claiming he was involved in the launch of the mysterious Trump Coin (DJT) crypto token alongside Barron.
This revelation comes amidst a surge in the price of the meme coin, fueled by speculation about its alleged connection to the elder Trump’s potential presidential candidacy.
DJT, launched in March on the so-called “meme coin casino blockchain” Solana, flew under the radar until recently. On June 17, 2024, DJT’s hourly trading volume went from under $400 to nearly $3 million.
In just one day, its price increased by nearly 9,000 percent ($0.000058 to $0.00512). This spike was followed by a sharp sell-off, and the coin currently sits around a $200 million market cap, priced at $0.019.
“I have over 1000 pieces of evidence I created it with Barron,” Martin, who was released from prison in May 2022, said after blockchain company Arkham Intelligence offered $150,000 to anyone who could prove who created the DJT token.
The “Pharma Bro” made these claims during a communication with online crypto investigator ZachXBT and later reiterated them in a live event.
He disclosed that he collaborated with a team of 40 to 50 individuals, including the former president’s 18-year-old son, to bring the CDJT token to market.
Despite attempts to obtain comments from the former president’s office and Martin himself, no official statements have been released.
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