$DJT Creator Scrambles as $150K Arkham Bounty Unmasks Them

Convicted securities fraudster Martin Shkreli claims role in $DJT creation.

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  • The creator of the controversial DJT token has come forward.
  • This was after Arkham offered a bounty for the creator’s identity.
  • A former president’s son was allegedly involved.

Martin Shkreli has claimed that he and Donald Trump’s youngest son, Barron Trump, were involved in creating the Solana-based token DJT.

Shkreli is a convicted securities fraudster and a former pharmaceutical CEO who earned the nickname “Pharma bro” after smugly defending hiking the price of antiparasitic drug Daraprim by 4000% in 2015. He became active on social media in 2022 after he was released from prison following a six-year term.

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Shkreli’s claims followed a series of events, including denying his involvement with the token and accepting a $100 million bet with a famous anonymous crypto trader on whether the DJT was “fake.”

Arkham Offers Bounty for Identity of $DJT Creator

On June 18, Arkham Intelligence offered a $150,000 bounty to the first person who could “definitely prove” the identity of the creator of DJT.

“Find definitive evidence of the creator of $DJT. We will accept private proof for this bounty but if accepted that proof will be made public. The source must be original and not from elsewhere on the internet,” Arkham’s bounty notice read.

Arkham issued the bounty after the DJT token went viral on Monday, fueled by rumors that it was linked to former U.S. President Donald Trump and his son Barron. On June 18, the token rallied as much as 180%, prompting influential accounts GiganticRebirth and ZachXBT to join in searching for its creator.

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While GiganticRebirth called out Trump’s involvement in DJT in his first X reply since November 2022, blockchain sleuth ZachXBT submitted for Arkham’s bounty, a move he alleged played a role in unmasking Shkreli.  

Martin Shkreli Comes Forward

In an X (formerly Twitter) post on June 19, ZachXBT claimed that Shkreli wrote him a “panic” direct message eight minutes after he submitted for the bounty, saying “I have over 1000 pieces of evidence I created it with Barron.”

ZachXBT said that Shkreli hosted an X Space about thirty minutes later and publicly announced that he was DJT’s creator. Shkreli reportedly revealed that about other 10 people were involved in DJT’s creation, with another 40-50 being informed of the initiative.

DJT traded at $0.01102 with a market cap of $110.03 million as of press time, CoinMarketCap data shows.

Read about the insider trading concerns surrounding the DJT token:
Rumored Trump Token DJT Sparks Concerns Over Insider Trading

Stay updated on Binance’s ZKsync (ZK) airdrop:
Binance to Distribute 10.5M ZK Tokens After Listing ZKsync

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.