As an experienced financial analyst, I find the recent developments surrounding the creation of TrumpCoin (DJT) and Martin Shkreli’s alleged involvement in it to be quite intriguing. The on-chain investigation led by ZachXBT has uncovered some interesting details that have left many in the crypto community buzzing with excitement and skepticism.
As a tenacious on-chain investigator, I uncovered an intriguing connection between Martin Shkreli, infamously known as “Pharma Bro,” and the recently launched Solana-based meme coin, TrumpCoin (DJT).
On June 19th, Arkham Intelligence put out a call for information, offering a reward of $150,000 to anyone who could reveal the identity of the person behind the DJT deployment. A short while later, ZachXBT asserted that Shkreli was likely the creator of the meme coin, based on a frantic message he had received from an on-chain investigator.
For those in need of clarification: Earlier today, Arkham put forth a reward of $150,000 for identifying the creator of DJT. At around 11:49 pm UTC, I informed Arkham that I had submitted for the bounty. Suddenly, at 11:57 pm UTC, Martin Shkreli reached out to me in a state of alarm. Later, at 12:27 am UTC, Shkreli continued our conversation.
— ZachXBT (@zachxbt) June 19, 2024
As a crypto investor, I’ve come across some intriguing claims recently. One of them comes from Martin Shkreli, who spent nearly a decade in prison and paid a hefty $70 million fine for securities fraud. Shockingly, he alleges that former U.S. President Donald Trump’s son, Barron Trump, might be part of the meme coin phenomenon. He stated emphatically:
Additionally, Shkreli asserted on X post that the control keys for the token’s contract are held by “Trump,” specifically referencing Barron Trump. Evidence presented by ZachXBT indicates that Shkreli possesses over 1,000 pieces of proof supporting Barron Trump’s role in the meme coin’s launch.
Furthermore, at an X Spaces event on June 18, Shkreli asserted that the prior US President gave his approval for the project and a team of ten individuals were instrumental in its initiation. He went so far as to suggest that discussions regarding the prospective listing of TrumpCoin on the Kraken digital asset exchange had taken place between Trump and the exchange representatives.
‘ @MartinShkreli noting @blknoiz06’s involvement with $DJT 👀
— macki (@_mackinac) June 19, 2024
In the midst of the buzz surrounding the meme coin, DJT experienced a significant jump of 29% within the last 24 hours and is now priced at $0.015. The coin’s market capitalization stands at $165 million as of now, with a daily trading volume of $9 million.
As a crypto investor, I’ve noticed that TrumpCoin, the meme coin I’ve been following closely, experienced a sudden price drop. It reached an all-time high of $0.038 on June 18, but since then, its value has taken a turn for the worse. This price movement has left some of us in the community feeling uneasy.
As a researcher, I haven’t come across any recent announcements from the ex-US President concerning the creation and launch of an official meme coin.
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2024-06-20 12:24