DJT, a cryptocurrency token created on the Solana blockchain two months ago, experienced a significant surge in price, jumping by 180% on Monday. Rumors began circulating that former U.S. president Donald J. Trump may be involved with the token, although these claims remain unverified at this time.
According to a report by Pirate Wires, a media outlet known for its bold reporting and positive outlook on technology, Trump is allegedly in the process of launching an official token called $DJT on the Solana platform. The publication suggested that Trump’s son, Barron, is leading the project.
Mike Solana, the Chief Marketing Officer of Founders Fund and editor-in-chief of Pirate Wires, shared a smart contract address related to the token on social media for transparency. The token associated with this address had a market capitalization of $177 million at the time of the press.
Despite the speculation, Solana clarified that he had not directly communicated with Trump and emphasized that there is a possibility of the former president distancing himself from the project in the future. He reiterated that the information was based on sources he had spoken to.
As of now, the Trump campaign has not issued a formal statement regarding the token, and there have been no mentions of it on Trump’s TruthSocial platform. The reactions from the crypto community have been mixed, with some expressing skepticism about the potential involvement of Trump in the project.
Ryan Selkis, the founder of Messari and a known Trump supporter, stated that he believed there was a 50-50 chance of Trump being connected to the token. Meanwhile, on Polymarket, a prediction market platform based on cryptocurrency, bettors estimated a mere 7% likelihood of Trump launching a token by the end of the week.
It is essential to note that these reports are still speculative, and further confirmation from official sources is needed to verify Trump’s role in the creation of the DJT token. The intersection of politics and cryptocurrency continues to generate interest and intrigue among investors and enthusiasts alike.
