The post PolitiFi Tokens Greet New Member; Is the DJT Token Legit? appeared on BitcoinEthereumNews.com.

On June 19, the (TrumpCoin) DJT token, a new memecoin on the Solana blockchain, stirred the crypto market. The entry of the new token led to a drop in the market cap of political finance (PolitiFi) tokens. Moreover, Martin Shkreli, the co-founder of the hedge fund Elea Capital, claimed to be the co-founder of the new memecoin. DJT Token’s Entry to the Memecoin Market As the US presidential elections near, PolitiFi tokens are generating waves in the crypto space. After MAGA (TRUMP) and MAGA Hat (MAGA), DJT Token is all set to shake up the memecoin market. The token touched the $0.01313 mark in a single day. At press time, the token was hovering at $0.01109 after an intraday drop of 4.47%, with a market cap of $121,054,494 and $174,302,215 in 24-hour volume. There are rumors that Donald Trump introduced the respective token amid the ongoing election and his involvement in the crypto market. However, no official comment has been made by the former president. According to ZachXBT, one of DJT’s insiders, versosol, sold $832k worth of DJT and then deposited USDC into CEX. Martin Shkreli announced that he was the creator of DJT. Versosol is also a major holder of Martin Shkreli’s other project, Shoggoth. Solana Meme Token DJT was once… — Wu Blockchain (@WuBlockchain) June 19, 2024 ZachXBT, an independent on-chain sleuth, stated that Martin Shkreli is the co-founder of the DJT token. The network received private messages from Shkreli on X with over 1000 pieces of evidence indicating his involvement in DJT token creation. There are no official comments from Shkreli or the Trump campaign on this particular token. However, the token surged over 300% in a few hours, which highlighting the community’s positive reaction towards the DJT token. Market’s Reaction to the New Member Like other…

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Filed under: News - @ June 19, 2024 9:20 pm