It has been noted that Martin Shkreli, the investor and convicted securities fraudster widely referred to as “Pharma Bro,” has claimed that he and Barron Trump, the former president’s youngest son, are behind the launch of the mysterious DJT crypto token via Market Watch. This comes after a rally in the price of the meme coin on rumors of its purported link to former President Donald Trump, the presumptive Republican candidate in a third consecutive presidential election.
Shkreli told online crypto investigator ZachXBT he had worked with Barron Trump to launch the coin following a hunt for those behind it, according to apparent screenshots of private messages posted on the social media platform X.
“I have over 1000 pieces of evidence I created it with Barron,” Shkreli, who was released from prison in May 2022, said in what appeared to have been a message to ZachXBT after blockchain company Arkham Intelligence offered $150,000 to anyone who could prove who created the DJT token.
Shkreli repeated the statements in a live event on X, in which he said he worked with a team of 40 to 50 people, including Donald Trump’s 18-year-old son, to launch the CDJT token, according to reports by those who listened to the Spaces event.
DJT, a Solana-based token, surged by up to 180% on Monday following a report from Pirate Wires that Barron Trump had spearheaded the creation of the meme coin, which had lingered in relatively obscurity after launching in April.
Crypto investor Alex Wice went on to post a tweet stating he would be willing to bet Shkreli $1 million that “DJT is fake” before fellow crypto trader Gigantic Rebirth upped the stakes in wagering $100 million that Trump was not linked to the token.
“I’m well aware there is a cabal strategy to bribe people in the Trump orbit to pretend they had something to do with this, when in reality a cabal of crypto whales did a presale and allocation to KOLs [key opinion leaders],” Gigantic Rebirth said in a post on X.
