The post The entire DJT token drama in one article appeared on BitcoinEthereumNews.com.

Crypto Twitter has been consumed by a messy affair involving Barron Trump, the Trump family, a Peter Thiel-associated blog, Martin Shkreli, Arkham Intelligence, and numerous others over the past few days. Here’s a summary. Airdrop Pirate Wires, a ‘new new media’ outlet tied to Peter Thiel put out a tweet saying “per conversations,” Barron Trump would spearhead an official Donald Trump token. The news was met with equal parts skepticism and speculation, mostly because the only proof given was a lazily added contract address thrown in by Pirate Wires head, Michael Solana. Considering the low liquidity of the coin at that time, the dropping of the contract address only increased the doubt about who was behind it. But Martin Shkreli quickly inserted himself into the drama by tweeting out that a specific X (formerly Twitter) account “looks like the official account.” This was also presented without proof. Next, Shkreli created a Space called ‘$DJT is real,’ again claiming that the token was an official Trump coin being launched by Barron Trump. No evidence was provided. Mask begins to slip A little while later, numerous large influencer accounts began to spread the news that the DJT token was indeed real. Shortly thereafter, Shkreli and Bo Loudon — one of Barron Trump’s best friends — joined yet another Space where Loudon stated, “Barron [Trump] is confirmed partially behind this.” He quickly backtracked and corrected himself, stating, “It’s a rumor that Barron is partially involved… I heard that through another friend.” Louden then deleted a tweet that he put out claiming, “$DJT IS THE ONLY REAL TRUMP TOKEN.” As public sentiment began to slip for the coin, Shkreli started to take on a more front-and-center role, tweeting that a Polymarket prediction market offering a bet about Trump’s involvement with DJT “as defined, [has…

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Filed under: News - @ June 20, 2024 8:22 pm