Meme Project

Sources: Trump's campaign team did not participate in the Meme project DJT

ChainCatcher news, according to DL News, on Monday, the Trump-themed meme coin DJT on Ethereum quickly gained popularity after the tech publication Pirate Wires released news of its launch with Trump's support. However, the Trump campaign team has been silent on the matter, raising public doubts about the authenticity of the report. A person familiar with the inner workings of the Trump campaign revealed that the campaign team did not participate in the project.Meanwhile, former pharmaceutical executive Martin Shkreli claimed that DJT is the "official Trump coin" and challenged members of the cryptocurrency community. His bet with the pseudonymous trader GCR was as high as $100 million but was canceled due to a lack of agreement on terms. Currently, Polymarket traders estimate the likelihood of Trump or his family members and staff issuing the token at 3%, with the bet's liquidity nearing $2.5 million, peaking at 59% likelihood on June 17.Shkreli further claimed that he collaborated with Trump's youngest son Barron Trump to issue the token and stated during Wednesday's X Spaces program that Barron Trump holds the majority of the tokens and is the sole beneficiary of the project. However, DL News could not independently verify his claims. Cryptocurrency influencer Jordan Fish (also known as Cobie) revealed that Shkreli's assertion of being a family member of Trump, rather than Trump himself, led GCR to withdraw from the $100 million bet.
2024-06-20
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