“Pharma Bro” Martin Shkreli claims he is behind the DJT token after Arkham offered a $150,000 bounty to find its creator.

“Pharma Bro” Martin Shkreli claimed to be behind the popular DJT token shortly after Arkham Intelligence offered a $150,000 reward for the identity of its creator.

Shkreli, who was previously convicted of securities fraud, allegedly participated in TrumpCoin (DJT) tokens on X Spaces on June 18. He said that former US President Donald Trump’s son, Barron Trump, was also directly involved in the creation of the token.

Shkreli was convicted in federal court in 2017 of two counts of securities fraud and one count of conspiracy. He was sentenced to seven years in prison and fined more than $70 million.

The DJT token surged 442% at one point on June 18 amid speculation that Trump himself could be behind the token, making it one of the few market gainers amid the cryptocurrency meltdown.

After subsequent adjustments, it is said to have fallen approximately 5.3% over the past 24 hours as of 10:56 AM ET, with a market capitalization of $109 million. gecko terminal.

Martin Shkreli sent a message to ZachXBT from X.

Before X Spaces, blockchain detective ZachXBT revealed that Shkreli sent him a message from X. In the message, he claimed to have “over 1,000 pieces of evidence” to prove he and Barron were involved in the project.

For those of you who are confused and need some additional context.

Earlier today, Arkham announced a $150,000 reward for the identity of DJT’s creator.

11:49 pm UTC I reply to Arkham that I have submitted a bounty.
11:57 PM UTC Martin Shkreli Panic DM is from me
12:27 AM UTC Martin Shkreli… pic.twitter.com/pKCQDOo7AZ

— ZachXBT (@zachxbt) June 19, 2024

Shkreli’s message to ZachXBT came after he entered a $150,000 Arkham Intelligence bounty. arkham said We will be offering this bounty to anyone who can prove the identity of the DJT token creator.

Blockchain detective ZachXBT also noted that Shkreli’s involvement in DJT tokens can be confirmed through blockchain transactions. $832,000 worth of DJT tokens were also sold from a wallet address that holds a significant amount of Shkreli’s Shoggoth.ai project.

Cryptocurrency markets have been abuzz with speculation about who could be behind DLT tokens. Source of data Polymarket This shows that $2 million worth of bets were made and that there is an 8% chance that Trump was the creator of the token.

Trump’s Influence on Cryptocurrency Increases

Trump’s latest Cryptocurrency advocacy remarks It made him a household name in the cryptocurrency industry. The presidential contender has inspired a series of meme coins, including the popular MAGA (TRUMP) and Doland Tremp (TREMP).

The market cap of the TRUMP token is currently over $406 million, and the market cap of the newly launched TREMP token is over $69 million.

TREMP is gaining popularity even though it is a new work. The tokens are as follows: Recently listed On the Kraken exchange. In contrast, TREMP has not yet secured a significant exchange listing.

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