Pharma Bro Claims Barron Trump is Behind DJT Token

Author : Andrew Stauss | Published On : 20 Jun 2024

Martin Shkreli, known as "Pharma Bro," has claimed that Barron Trump is the true creator of the DJT token, a Solana-based cryptocurrency valued at $146 million. In a discussion hosted by Mario Nawfal, Shkreli revealed that Barron Trump initiated the token, with his father Donald Trump's approval, and emphasized that Barron benefits from the project. Shkreli mentioned he provided advisory support and that Barron Trump approached him for help in launching the token back in April. The initial plan was to allocate 70% of the token supply to Donald Trump, but after consulting with a crypto influencer, they opted to place 50% of the supply in the liquidity pool.

However, Alex Wice, previously linked to FTX, accused Shkreli of manipulating the DJT token market for personal gain. Wice challenged Shkreli’s narrative, suggesting that during Shkreli’s public discussions, one of his associates offloaded a significant amount of the token, casting doubt on the legitimacy of Shkreli’s claims. Wice also questioned whether the Trump family received any proceeds, implying that if they had not, Shkreli's story would be dubious. Shkreli defended himself, stating he only provided guidance on creating the contract and did not control the token, insisting that the keys were held by Barron Trump. Despite Shkreli's assertions, there has been no official confirmation or public statement from the Trump family about their involvement in the DJT token.

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