Memecoins
Trump campaign not involved in DJT: insider – DL News
- The Trump campaign is not involved in DJT, the latest Trump-themed memecoin.
- This is what a source very close to the Trump operation says.
- Martin Shkreli says he worked with Barron Trump to create the token.
Trump-themed DJT memecoin on Solana went viral Monday after tech post Sons of Pirates posted that the token was launched with Trump’s blessing.
But the Trump campaign’s lack of communication on the subject has cast doubt on the veracity of the report.
An insider with direct knowledge of decisions surrounding the Trump campaign has now said DL News that the campaign was not involved in the project.
An early proponent of the claim that DJT was “an official Trump coin” was former pharmaceutical executive Martin Shkreli who later disputed members from the crypto community to bet against him.
One of these bets, made with pseudonymous cryptocurrency trader GCR, amounted to $100 million, but was canceled due to disagreement between the parties over terms.
Punters on Polymarket now assign there is a 3% chance that Donald Trump launched the token himself, or that a member of his family or staff did so with his consent.
The bet has almost $2.5 million in liquidity and reached a 59% probability on June 17.
Shkreli later claimed that he created the token in collaboration with Donald Trump’s youngest son, Barron Trump.
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Speaking on Wednesday on X Spaces hosted by influencer Mario Nawfal, Shkreli also claimed that Barron Trump owned the majority of the tokens and was the sole beneficiary of the project.
DL News could not independently verify Shkreli’s claims.
Shkreli claims that a member of the Trump family, but not necessarily Donald Trump, led GCR to reverse course of the $100 million bet, according to crypto influencer Jordan Fish, better known as Cobie.
DJT is trading around $0.01 with a market value of $103 million, according to CoinGecko data.
Tom Carreras is markets correspondent for DL News. Do you have any advice on Trump or memecoins? Contact us at tcarreras@dlnews.com