Shkreli Reveals Involvement in Controversial Trump-Linked DJT Token as Scrutiny Grows

Last Updated on June 19, 2024

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Giant puppet representing US President Donald Trump is seen in Recife. Source: travelview - stock.adobe.com

Key Takeaways:

  • Martin Shkreli revealed his involvement in creating the DJT token, a Solana-based cryptocurrency, and claimed connections to Donald Trump’s family.
  • Shkreli mentioned Barron Trump among those associated with the token during a June 18 X Spaces discussion.
  • Ongoing bets on Polymarket regarding the token’s legitimacy total nearly $1.9 million, with few bettors believing in the Trump connection.

Martin Shkreli, known as “Pharma Bro,” has claimed involvement in creating the DJT token, a Solana-based cryptocurrency that has stirred speculation about links to Donald Trump’s family.

Shkreli disclosed his role during a June 18 X Spaces, noting that about 10 people were directly involved in its creation, and mentioned Barron Trump among those connected.

This revelation came after Arkham Intelligence offered a $150,000 bounty to identify the DJT token’s creator, in response to Shkreli accepting a $100 million bet on its legitimacy.

Despite the claims and ongoing bets totaling nearly $1.9 million on Polymarket, only a small percentage of bettors believe in the Trump connection.

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