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Crypto news: the token “DJT” themed Trump, issued by Martin Shkreli, has suffered a drastic drop of 90% after a single wallet sold tokens worth 2 million dollars. Let’s see all the details below.  News: the “DJT” Trump-themed token drops by 90% As anticipated, the value of the DJT token, created on the blockchain of Solana and inspired by Donald Trump, has plummeted by 90%. This occurred after a single wallet made a massive sale of 2 million dollars in a single transaction. This operation caused the market capitalization of the token to plummet from 55 million dollars to just 3 million dollars in a few seconds. The portfolio identified as “4UGm6” owned 20% of the entire DJT token supply and cashed out 15,500 SOL from the transaction.  Subsequently, he transferred his holdings into four different portfolios, according to what was reported by the social crypto application @0xppl_. The DJT was launched at the beginning of June and quickly attracted attention, with speculations regarding a possible link with the Republican candidate Donald Trump and his son Barron.  The cryptocurrency groups on X have expressed doubts about the identity of the creators of the token, given its extraordinary performance initially. On June 18, Martin Shkreli, known as “Pharma Bro,” revealed that he had collaborated with Barron Trump in the creation of the token, despite initially denying any involvement.  Shkreli has confirmed that he assisted Barron in the creation and promotion of the token on X. The investigations carried out around June 19 revealed that the DJT Telegram channel shared the same administrators as another token supported by Shkreli. Furthermore, a large holder of DJT had made profits by selling tokens worth approximately $830,000 from a wallet that also contained tokens of Shoggoth.ai, another project by Shkreli. Reactions and statements The Trump…

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Filed under: News - @ August 7, 2024 2:20 am