Is Trump’s son part of a crypto ‘pump en dump’ worth 100 million dollar?

The crypto world is rocked by a new scandal with possibly great repercussions. The latest ‘political’ memecoin called DJT (Donald J Trump) soared this week and turned someone into a millionaire.

However, no one knows for sure who is behind this ‘pump and dump’. Crooks claim that convicted criminal Martin Shkreli, also known as ‘Pharma Bro’ (because he used to raise the price of life-saving drugs), is the reason. Martin himself says that he did it together with none other than Barron Trump, the teenage son of Melania and Donald Trump himself.

Remember this creep?
Martin Shkreli, the investor widely referred to as ‘Pharma Bro,’ has claimed that he & Barron Trump are behind the launch of the mysterious DJT crypto token. MarketWatch, 19Jun24
Doubt his claim.
I’m not sure he’s finished paying fines or off probation yet? pic.twitter.com/vezFkuEmYA

— Mojack Marine (@MojackMarine) June 19, 2024

A week before the first presidential debate between Joe Biden and Donald Trump, the crypto scandal is front page news all around the world and the American public is guessing along as to who did it.

Fake coin

Last Monday there was a rumor that the Trump campaign team would launch an official DJT (Donald J Trump) coin.

As a result, the price of another coin called TRUMP (Maga) fell by 31% in one day, as Trump’s campaign team had never recognized that coin and Trump’s supporters assumed that the new coin DJT would quickly increase in value.

Did Barron Trump really launch DJT crypto with Martin Shkreli? The disgraced Pharma Bro claims he has ‘over 1,000 pieces of evidence’ that he’s working with the 18-year-old on the mysterious Trump crypto coin … but he has yet to produce them. https://t.co/rjasDZcF5F

— New York Magazine (@NYMag) June 21, 2024

A few hours later still, the message came that more than 70% of ‘DJT’ belonged to a single wallet, and was therefore probably a ‘fake coin’ that would be dumped as soon as it hit a certain value. Still, the DJT coin skyrocketed on several crypto trading platforms.

We also covered the tale at that time.

Then on Wednesday night, Arkham Intelligence, a crypto research team, launched a reward of $150,000 to find out who the owner was. A famous crypto investigator quickly revealed that the majority of the DJT coins belonged to none other than ‘Pharma Bro’ Martin Skrelli.

This bounty has been solved by @zachxbt.

At 11:49 pm UTC Zach submitted definitive evidence that Martin Shkreli is the creator of the $DJT token.

The source was original and not yet anywhere else on the internet. The information was later made public.

Zach Thread Below:… https://t.co/zH0VivDXrt

— Arkham (@ArkhamIntel) June 19, 2024

It probably made him more than $100 million since most of the DJT coins belong to the same wallet.

Barron

Shkreli, a convicted criminal who shot to fame in 2015 when he jacked up the price of a life-saving drug with a 5,000% price hike after he bought the drug’s maker with his investment fund, was immediately bombarded with questions by the press about this newest scandal.

‘Pharma Bro’ Martin Shkreli claims he and Barron Trump created DJT crypto token https://t.co/rpZAOGCty3 pic.twitter.com/jOnwcRxF7d

— New York Post (@nypost) June 20, 2024

However, he says he has evidence that Barron Trump, the former president’s teenage son, set up the whole deal with him. Will this be a first crypto scandal for Trump?