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Here's who might be the creator of the new cryptocurrency associated with Donald Trump

Here's who might be the creator of the new cryptocurrency associated with Donald Trump

Cryptodnes2024/06/19 23:31
By:Cryptodnes

It recently came to light that TrumpCoin (DJT), which was believed to be associated with Donald Trump, was actually created by Martin Shkreli, a well-known businessman accused of financial fraud.

This information came from the famous blockchain analyst ZachXBT, who made this revelation through a post on X. Shkreli, who spent 6 years in prison, allegedly wrote to him:

"Let it stay between us. I have over 1,000 proofs, I created them with Barron.” – This refers to Barron Trump, who is said to have led the project.

Half an hour after contacting ZachBTX, Shkreli shared publicly that he was the creator of TrumpCoin.

READ MORE:
Andrew Tate's cryptocurrency plunged almost 20% despite massive interest

Shortly after ZachBTX submitted information to Arkham Intelligence seeking a $150,000 reward for identifying the developers of DJT, the analyst received the message from Shkreli.

For validation purposes, ZachXBT connected one DJT holder, who sold about $832 worth of tokens, to another service called Shoggoth.ai, run by Shkreli.

The Solana-based coin has been the center of considerable media attention and speculation over the past day. Pirate Wires reported on Monday that TrumpCoin was up 187%, but that rally was short-lived as insiders began selling off their holdings.

Its 24-hour trading volume totaled $346 million and a market capitalization of $131 million, according to Birdeye data.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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