This Week in Crypto Twitter: Donald Trump’s Crypto Controversy, starring Martin Shkreli

This Week in Crypto Twitter: Donald Trump's Crypto Controversy, starring Martin Shkreli


Description by Mitchell Prefer for Decrypt.

Celebrities of all kinds have taken over crypto Twitter of late, and the past few days have been no exception. instead of him Bitter competition Or Funny scenesHowever, this week a baffling mystery was revealed, a former president and one of crypto's most notorious villains.

The circus started right away on Monday, with a one-month Donald Trump-themed Solana meme coin DJ. Unconfirmed rumors that the coin is actually backed by its name.

After about $129 million in trades in one day, people want to know for sure if the signal is valid. Arkham, a blockchain intelligence firm, has offered $150,000 to anyone who can prove the true creator of DJT.

In short, crypto's most famous on-chain sleuth, ZachXBTHe provided evidence that the token was not created by any member of the Trump family, but by a famous “pharma bro” and cryptoverse troll. Martin Shkreli.

Phemex

Shkreli had a loud bet hours ago. Some 100 million dollars That a member of the Trump family was behind the DJT token. But ZachXBT, the former pharmaceutical executive and criminal, admitted that he was the one who created the coin in Twitter Spaces.

If only things were so simple. later opposite accounts From what Shkreli said while trading on Space Online, recordings have emerged claiming to be him. He did Make the mark, but with the help of Donald Trump's 18-year-old son Barron.

On Thursday, however, there were these claims He was shot By Roger Stone, conservative political consultant and longtime friend of the Trump family.

Arkham soon put the matter to bed – awarding the bounty to ZachXBT – as did CoinGecko, which It is indicated DJT has no ties to Donald Trump.

On Friday, however, Shkreli Barron was adamant that Trump created the DJT token with him, despite not providing any evidence. No member of the Trump family has yet backed those claims.

Some Twitter users joked that the only certainty in the matter is crypto bros come back to Trump's Mar-a-Lago resort and asked the former president that he or his family had no hand in the image's creation.

Heading into the weekend, DJT is down more than 47% from Thursday's high of just over one percent. It is back to $0.0141 as of writing.

Edited by Ryan Ozawa.

Daily Debrief Newspaper

Start every day with top news stories, plus original features, podcasts, videos and more.



Leave a Reply

Pin It on Pinterest