ChainCatcher news, the DJT token themed around Donald Trump on Solana has dropped 90% today, as a wallet sold $2 million worth of tokens in a single transaction, causing its market cap to plummet from $55 million to $3 million in seconds.The wallet "4UGm6" holds 20% of the DJT token supply and profited 15,500 SOL from the transaction. The crypto social app @0xppl_ stated that it subsequently transferred the tokens it held to four different wallets.It is reported that DJT was launched in early June and quickly gained massive market capitalization due to rumors of its direct connection to Republican candidate Donald Trump and his son Barron.

ChainCatcher message, on social media, on-chain detective ZachXBT stated: "Martin Shkreli urgently DM'd me after I announced the bounty application for the issuer information of the Trump-themed token DJT to Arkham, and then he temporarily released a statement claiming that he was the one who issued the token."