A not-so-mysterious mystery that brewed on Twitter this week was concerning a Donald Trump-themed Solana meme coin.
Recently, the trends on Crypto Twitter have been full of celebrities, revealing quite an enigmatic event with a former head of state and one of the most famous faces of crypto.
The circus began on Monday with the month-old Donald Trump-themed Solana meme coin, DJT, which spiked due to rumors of Trump’s involvement in the project.
Getting many messages explaining I didn’t actually address Trump—assuming (please, text me, Mr. President). To address potential rug pull or denial, reporting based on sourced information.
After a day’s trading volume of $129 million, calls for legitimacy increased, with Arkham offering up to $150,000 for information on the real creator of DJT.
Crypto investigator ZachXBT quickly exposed that $DJT was not created by a Trump family member but by the infamous ‘pharma bro’ and crypto troll Martin Shkreli.
For those seeking clarity: Earlier today, Arkham launched a $150K bounty to identify the individual behind DJT. At 11:At 49 pm UTC, I confirmed submission for the bounty, which led to a panicked direct message from Martin Shkreli at 11:57 pm UTC.
Less than 24 hours after taking $100 million in connection to the Trump family, Shkreli’s statement was debunked by ZachXBT exposing that he was the mastermind behind the DJT token in a Twitter Spaces.
The plot thickens from there, with tapes of Shkreli boasting that he established the token with the help of Barron Trump, the president’s son.
However, on Thursday, Roger Stone, a longtime associate of the Trump family, denied such allegations.
Arkham addressed the problem by providing its reward to ZachXBT, while CoinGecko explained that DJT is not connected to Trump.
On Friday, Shkreli continued to make baseless allegations that Barron Trump helped to develop the DJT token with him and even secured the family’s endorsement despite the apparent lack of evidence and no endorsement from the Trump family.
In a joking manner, some of the users on Twitter said the only way to end the issue was to take the crypto people to Trump at Mar-a-Lago.
In preparation for the weekend, DJT has since pulled back more than 47 percent from its high on Thursday before recovering slightly to $0. 0141 at the time of writing.
