Martin Shkreli – known as “Pharma Bro“He admitted on Tuesday that he was behind the controversial TrumpCoin (DJT) token.
according to CoinDesk report June 19Shkreli said during a recent audio chat on the X Space website that he created it with Barron Trump. This admission came after days of speculation and investigative efforts by prominent figures in the cryptocurrency community.
The DJT icon gained viral attention on Monday due to its alleged ties to former President Donald Trump and his son Barron. Blockchain investigators have discovered similarities between the DJT token’s Telegram channel and the token backed by Shkreli.
Despite initial denials, Shkreli confirmed his involvement in an alleged podcast and direct message with blockchain investigator ZachXBT. ZachXBT shared screenshots of a conversation with Shkreli, the authenticity of which cannot be confirmed, as the pharmaceutical mogul It seems to be written:
Between us please. […] I have over 1000 pieces of evidence that I have created [DJT] With Baron.
The revelation sparked a heated exchange between Shkreli and influential cryptocurrency trader GiganticRebirth (GCR), a known Trump supporter. GCR called out Barron Trump’s supposed involvement in the token, Offering a staggering $100 million bet Against it.
The betting spree first began when Twitter user Alex Wice bet $1 million that DJT would not field Trump against Shkreli. GCR also claimed:
I’m well aware that there was a gang strategy to bribe people in Trump’s orbit to pretend they had something to do with this, when in fact a cabal of crypto whales pre-sold and allocated KOLs.
Who is Martin Shkreli?
Martin Shkreli is an American former hedge fund manager and convicted felon. He gained notoriety in 2015 when his company, Turing Pharmaceuticals, acquired the rights to the life-saving anti-parasitic drug Daraprim. It raised its price from $13.50 to $750 per tablet. This move led to widespread criticism and accusations of price manipulation.
Before this controversy, Shkreli founded and managed several hedge funds and pharmaceutical companies. In 2017, he was convicted of securities fraud related to his management of these funds and sentenced to seven years in federal prison. He was It will be released in early May 2022.
Shkreli’s actions and public persona, which included frequent use of social media to provoke and attack critics, have made him a controversial figure who is often vilified in the media. His case sparked a national debate over prescription drug prices and regulation of the pharmaceutical industry in the United States.
The giveaway
In response to the growing controversy, serial intelligence company Arkham He posted a $150,000 reward To anyone who can reveal the creator of the DJT token. The company wrote:
Damn, we’re playing. $150,000 to the first person to definitively prove the identity of the creator of $DJT. Only on Arkham Intel.
This prompted ZachXBT to present his findings, which led to Shkreli’s confession. Shkreli is now seeking to hold GCR liable for the $100 million bet, claiming he co-created the token with Barron Trump’s involvement.
However, the Trump campaign did not respond to requests for comment, and former President Trump did not mention the token on his TruthSocial social media platform. Amid the drama, at least one major owner in DJT and Shkreli’s other venture, Shoggoth.ai, has benefited.
Transaction data It shows that the wallet sold approximately $830,000 worth of DJT Late Tuesday. DJT token prices have fallen by 58% in the last 24 hours, According to DEXTools data.
Top DJT insider verso.sol dumps $832K worth of DJT then deposits USDC on CEX about 1 hour ago
Coincidentally, he’s also a major creditor to Martin’s other project, Shoggoth
5cPzLzLQjt2oc8X6rGannrh7HmVJNAMFJKq21DdZRuHP https://t.co/1uJyZ6ydAC pic.twitter.com/uKz6AAAcKu
– ZackXPT (@ZackXPT) June 19, 2024
The popularity of the Trump family in cryptocurrency circles is not a new trend. Presidential candidate Donald Trump recently said he wants to All Bitcoin will be mined in the United States.