Memecoins
Is Trump’s Solana-based DJT memecoin fake? Here’s what the punters are saying – DL News
- Donald Trump reportedly launched a Solana memecoin called DJT on Monday.
- Punters on Polymarket estimate that there is a 19% chance that the token is genuine.
- Trump has recently become friendlier to the crypto industry.
Did former US President Donald Trump launch a memecoin called DJT on Solana yesterday?
According to Pirate Wires, a media company focused on technology and politics, he did.
“According to conversations, Trump launches an official token – $DJT on Solana”, the publication job on X Monday evening.
“Barron is the tip of the spear,” he adds, referring to Barron Trump, the statesman’s 18-year-old son.
But betting market Polymarket is skeptical of the report. At the time of writing, punters assign There is a 19% chance that the DJT token was truly created by Trump, a member of his family, or his staff.
So far, almost $600,000 has been wagered on this bet. For those betting on the authenticity of the token to win, there must be confirmation from a Trump representative or consensus from credible reports by June 22.
“Last chance if someone is very brave with their size and wants to make a bet”, Martin Shkreli, commonly known as pharma bro, job on X.
Since its launch, the DJT token has surged by around 90% and is now trading with a market value of $250 million.
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The announcement had a negative impact other Trump themed tokens. In the past 24 hours, MAGA fell by 35%, Tremp by 43% and Boden, a memecoin mocking US President Joe Biden, by 13%.
Traditionally crypto-agnostic, Trump recently kissed industry ahead of the US presidential elections scheduled for November. He engaged himself support for the Bitcoin mining industry, and his election campaign began accepting cryptocurrency donations.
The Biden campaign, in response, is exploring this option too, according to a report from The block.
Beyond Polymarket, crypto trader Alex Wice disputed Shkreli bet $1 million that the token was fake. ” Let’s go. How far can you go? », Shkreli said in response.
Tom Carreras is markets correspondent for DL News. Do you have any advice on Trump or memecoins? Contact us at tcarreras@dlnews.com