Shkreli Reveals Co-Creation of DJT Token
An unexpected turn of events in the crypto world as ex-convict Martin Shkreli discloses his involvement in creating the Donald Trump-themed token DJT, raising questions about the token’s legitimacy amid allegations of insider trading.
- Shkreli shared with ZachXBT that he co-created DJT with Barron Trump, hinting at Donald Trump’s son’s involvement.
- Arkham Intelligence’s $150,000 bounty for information on DJT’s creator sparked ZachXBT’s revelation.
- Despite Shkreli’s initial denial, he later admitted to his role in creating DJT during an X space session.
Allegations of Insider Trading Surface
The situation takes a darker turn as Martin Shkreli becomes embroiled in accusations of insider trading related to the DJT token.
- Shkreli allegedly urged individuals to purchase DJT tokens, hinting at potential insider trading activities.
- An insider named “Versosol” reportedly sold a significant amount of DJT tokens, converting the proceeds to USDC and transferring them to a centralized exchange.
- Another disclosure on X revealed an insider cashing out significant profits from selling DJT tokens, sparking further concerns about potential insider trading activities.
Hot Take: Stay Informed and Vigilant in the Crypto Space
As a savvy crypto investor, it is crucial to remain informed and vigilant to navigate the complex and rapidly evolving crypto landscape. Stay cautious of potential insider trading activities and always conduct thorough research before engaging with new tokens or projects.
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