Trump’s Chest Coin Mystery Solved: Who Is Behind the Dumped Coin?

Martin Shkreli, famously known as “Pharma Bro,” created a stir by announcing his interest in the new coin coin DJT, built on the Solana blockchain. The launch of the DJT token attracted further attention with speculation that it was linked to Barron Trump, the son of the former US President.

The birth of the meme coin project DJT

Shkreli explained his contribution to the birth of DJT during a session at X Spaces on June 18. He stated that he has been involved in the project since April and that a friend of his helped him start this project. According to him, about ten organizations contributed to the development of DJT, and about forty to fifty people knew about the project. Before Shkreli’s announcement, Arkham Intelligence had offered a $150,000 reward to reveal DJT’s creators. This reward came after crypto trader GCR issued a $100 million challenge to verify the legitimacy of the token.

During the X event, blockchain researcher ZachXBT shared information he obtained from direct messages with Shkreli. He claimed to have more than 1,000 documents supporting Shkreli’s key role in creating DJT. This statement came shortly after ZachXBT submitted evidence for the award and highlighted Shkreli’s significant influence on the project. ZachXBT also revealed blockchain processes connecting DJT to Shkreli. Among these processes, there was also a sale of $ 832,000 worth of valuable tokens in exchange for USDC stablecoin. In particular, the presence of a significant amount of Entebe, Shkreli’s relevant project token, in the same wallet further strengthened his ties with DJT.

Shkreli is a highly controversial figure

Shkreli had hinted that DJT was in contact with the Trump campaign, and this thesis gained even more attention after his $100 million bet against GCR. This high-stakes bet has further fueled debate around DJT’s legitimacy and potential political contacts. Martin Shkreli’s interest in DJT adds complexity to the cryptocurrency and chest coin market. Shkreli is a figure known for his involvement in the pharmaceutical industry and the legal problems that followed. Now, Trump Coin (DJT) has come to the fore again with arguments regarding its creation. This Solana-based chest coin is being launched in conjunction with Barron Trump.

Martin Shkreli spent more than six years in federal prison for financial misdeeds, including securities fraud. After being released from prison in 2022, he became active again on social media platforms and claimed his role in the creation of DJT. Shkreli claimed during his X Spaces session that he collaborated with Barron Trump in launching the DJT chest coin. The controversy intensified when Arkham Intelligence announced a $150,000 reward to identify DJT’s creator. Additionally, cryptokoin.comAs we reported, this reward came after Shkreli made a $100 million bet with a well-known crypto trader