Summary of the Horrendous DJT Token Drama

Bittime - A summary of the horrendous DJT token drama. The drama that dragged Donald Trump's name was hot on various social media, especially on X.

There is even speculation that Donald Trump himself is involved in the DJT token drama.

For those of you who missed how it started and how this DJT token drama happened, see the summary of the horrendous DJT token drama here.

It All Starts with Speculation

Pirate Wires, a new media outlet connected to Peter Thiel, issued a tweet stating that Barron Trump will be the face of the official Donald Trump token. 

This statement was met with doubt and speculation as the only evidence provided was a contract address haphazardly added by Pirate Wires head Michael Solana.

Also read: Martin Shkreli claims himself to be the issuer of DJT tokens, Trump-themed tokens

Since the coin has low liquidity, the missing contract address further adds to doubts about who is actually behind it.

Martin Shkreli quickly got involved in the drama by tweeting that a certain X account “looked like an official account,” but this too was without evidence.

Furthermore, Shkreli created a chat room called '$DJT is real,' and again claimed that the token was the official Trump coin launched by Barron Trump, but remained without evidence.

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The Open Veil

Moments later, many big influencer accounts started spreading the news that the DJT token was indeed genuine.

Shortly afterward, Shkreli and Bo Loudon, a friend of Barron Trump, joined another Space where Loudon said, “Barron [Trump] is partially confirmed to be behind this.” 

However, he immediately corrected his statement by saying, "There were rumors that Barron was involved... I heard about it from another friend."

Loudon later deleted a tweet he had previously made stating, “$DJT IS THE ONLY REAL TRUMP TOKEN.”

As public support began to decline, Shkreli began to become more active, tweeting that the Polymarket prediction market offered bets on Trump's involvement with DJT with a "literal 100% chance" of completing 'Yes.'

Soon, DJT became a major topic in Shkreli's tweets and conversations.

Also Read: PoliFi Token Drops Double Digits Amid Claims DJT Token Backed by Trump

Fictitious but Still Confident

Not long after taking a public stance on Donald J. Trump and Barron Trump's involvement in the DJT token, Shkreli made a bid to stake anyone with a measure of the meme coin. 

Alex Wice, a cryptocurrency investor, is willing to bet $1 million. Shkreli said, “You've advanced, how high can you go?”

But before the bet could be publicly confirmed, a much bigger player stepped in: a pseudonymous crypto account called 'GiganticRebirth' offered to bet Shkreli $100 million that Donald Trump had nothing to do with the coin. 

Shkreli agreed to the bet, responding with “it's done your way.”

However, despite bringing in well-known cryptocurrency figures such as Jordan Fish (@cobie on X), GiganticRebirth and Shkreli were unable to agree on such terms. 

No money is deposited, no bets are officially made, and no one ultimately wins or loses.

Nonsense Leads to Fear

This didn't stop Shkreli from taking a victory lap, claiming that he had won the bet and GiganticRebirth had backed out. 

But as he celebrated his fake victory, Arkham Intelligence – a crypto company that specializes in tracking and identifying wallets and addresses on the blockchain – suddenly offered a $150,000 reward to anyone who could determine who had created the DJT token.

In less than two hours, ZachXBT on-chain detectives and investigators submitted a claim for the reward. This apparently frightened Shkreli.

In the DMs released by ZachXBT and the timeline confirming this, Shkreli panicked and immediately messaged ZachXBT to tell him he was involved with DJT, then started Space and acknowledged his involvement and creation of the token for the first time publicly.

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End of the DJT Token Story?

After failing to raise $100 million, it was revealed as the creator of the token in the most embarrassing way possible, and never received confirmation of Barron's or Donald Trump's involvement.

Shkreli once again appeared on X, spending nearly half a day in various Spaces, desperately trying to convince anyone who would listen that he had worked directly with Barron Trump to create the token.

If Shkreli is to be believed, then the story goes something like this:

Shkreli worked with a 17 year old minor named Cameron who was related to Bo Louden and Barron Trump. 

Supposedly, Cameron had contacted Barron's and heard that he was interested in launching a meme coin before his brother, Donald Trump, Jr. did. They asked Shkreli for help.

Using Chat-GPT and talking about how to create incentives and good financial mechanisms with many influencers in the crypto world, Shkreli coded the coin and Barron Trump launched it.

Also Read: Bubblemaps: DJT Token Is Not Related to Trump At All!

The coin was silent for a while as three individuals associated with it tried to get a lot of funding and investors to put money into the project. Shkreli stated that it was very difficult to get anyone to commit.

But also stated that Barron Trump told him that Donald Trump supports the concept.

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Deny Hard

Shkreli insisted that he had no financial reason to be involved, rarely bought any coins, did not take advantage of 17 or 18 year olds, and truly hoped his involvement would not be discovered.

While much of this may be true, it's hard to believe that Shkreli never wanted anyone to reveal his involvement, considering how adamant he was that the tokens were genuine and how he repeatedly hinted that he had spoken to curious people.

Shkreli claimed that Barron Trump was the one who leaked the information to Pirate Wires, although he also stated that the information leaked faster than they expected and that the project was not ready to launch.

At the end of the day yesterday, Shkreli seemed less than convinced by Barron Trump's public assurances that he was involved and very hesitant to claim that Donald Trump would talk about the coin.

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