ZachXBT Uncovers Creator of Trump-Themed DJT Token, Set to Earn $150K Bounty
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The mystery surrounding the viral Trump-themed DJT token on Solana may have been solved, as blockchain investigator ZachXBT said controversial entrepreneur Martin Shkreli has claimed to be one of the project’s creators.
Pharma Bro is the co-creator of the DJT Token
, ZachXBT stated that Shkreli directly messaged him, claiming he had over 1,000 pieces of evidence proving he co-created DJT along with someone named “Barron,” potentially referring to Barron Trump – Donald Trump’s youngest son.
For those who are confused and need additional context.
Earlier today Arkham announced a $150K bounty for the identity of the DJT creator
11:49 pm UTC I reply to Arkham saying I submitted for the bounty
11:57 pm UTC Martin Shkreli panic DM’s me
12:27 am UTC Martin Shkreli… pic.twitter.com/pKCQDOo7AZ— ZachXBT (@zachxbt) June 19, 2024
The announcement from Shkreli came shortly after ZachXBT publicly applied for the $150,000 bounty from blockchain data platform Arkham to identify DJT’s true creator.
The DJT token, featuring imagery of former U.S. President Donald Trump, had gone viral and sparked speculation about its origins.
ZachXBT provided further on-chain evidence allegedly linking Shkreli to DJT. He highlighted a wallet holding a large DJT stake that sold off $832,000 tokens for the USDC stablecoin.
Notably, this same wallet also held tokens from Shkreli’s Shoggoth.ai project.
One of the large DJT insiders verso.sol dumping $832K worth of DJT and then depositing USDC to CEX ~1 hr ago
Coincidentally also a large holder on Martin’s other project Shoggoth
5cPzLzLQjt2oc8X6rGannrh7HmVJNAMFJKq21DdZRuHP https://t.co/1uJyZ6ydAC pic.twitter.com/uKz6AAAcKu
— ZachXBT (@zachxbt) June 19, 2024
Before his purported exposé, Shkreli had insisted that DJT was the official cryptocurrency of the Trump campaign. He even proposed a wager with a pseudonymous crypto expert regarding the token’s authenticity and origin.
Donald Trump’s campaign kept its silence on the DJT token, including Shkreli’s alleged involvement. Shkreli is a former pharmaceutical executive who was convicted of securities fraud in 2017.
Viral Speculation Behind the DJT and Arkham $150K Bounty
The DJT token rapidly gained viral traction and speculation on Twitter due to its Trump-themed branding and rumors of a potential connection to the former president’s family.
The intrigue intensified when blockchain data platform Arkham Intelligence offered a $150,000 bounty for anyone who could identify DJT’s creator.
Fuck it, we ball.
$150,000 to the first person to definitively prove the identity of the creator of $DJT.
Only on Arkham Intel. https://t.co/cngi98z9Wr https://t.co/5snKhSyfuh pic.twitter.com/lEA6rm3BCe
— Arkham (@ArkhamIntel) June 18, 2024
On decentralized betting platforms like Polymarket, nearly $1.9 million worth of bets were placed on whether DJT had a genuine affiliation with Trump or his family members, with only 17% of bets favoring a “real” connection prior to Shkreli’s revelation.
Amid the frenzy, the DJT token’s price surged over 300%, with trading volume exceeding $472 million, driven by the unconfirmed report of Trump’s involvement.
The token’s value dropped 66% within 24 hours as the speculation cooled, however.
In an X Spaces session on June 18, just hours after Arkham’s bounty announcement, Shkreli claimed he was among around ten people directly involved in creating DJT, with 40 to 50 others aware of the project.
— Martin Shkreli (e/acc) (@MartinShkreli) June 19, 2024
According to reports, Shkreli cited Barron Trump as one of the key figures, potentially fueling the initial rumors.
ZachXBT, who submitted evidence for Arkham’s bounty, suggested his submission prompted Shkreli’s decision to host the revealing X Spaces.
Overall, ZachXBT’s $150,000 bounty claim, if verified, could bring more clarity around DJT’s creators.
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