Bounty

Donald Trump

Arkham

President Donald Trump

Arkham Intelligence has put up a $150,000 bounty for anyone who can definitively reveal the identity of the person behind the Donald Trump-themed <a href="https://coingape.com/solana-meme-coin-djt-unlikely-to-be-launched-by-donald-trump/" rel="noopener noreferrer nofollow">DJT token</a>. 
This announcement has attracted a lot of interest and rumours within the financial and political fraternity.
<h2 id="bounty-for-the-djt-token-creator">Bounty for the DJT token Creator</h2>
On Tuesday, <a href="https://coingape.com/arkham-rebrands-alamedas-seized-millions-as-us-government-entity-whats-next/" rel="noopener noreferrer nofollow">Arkham</a> Intelligence posted on the social media platform X, saying, “F**k it, we ball. $150,000 to the first person to confirm the identity of the creator of $DJT.” This comes as more and more people express their interest and concern towards the said cryptocurrency, which is allegedly connected to the former U. S. President Donald Trump but not officially endorsed by him or his representatives.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Fuck it, we ball.
 $150,000 to the first person to definitively prove the identity of the creator of <a href="https://twitter.com/search?q=%24DJT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DJT</a>.
 Only on Arkham Intel. <a href="https://t.co/cngi98z9Wr" rel="noopener noreferrer nofollow">https://t.co/cngi98z9Wr</a> <a href="https://t.co/5snKhSyfuh" rel="noopener noreferrer nofollow">https://t.co/5snKhSyfuh</a> <a href="https://t.co/lEA6rm3BCe" rel="noopener noreferrer nofollow">pic.twitter.com/lEA6rm3BCe</a>
 — Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1803161788164288875?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 18, 2024</a>
</blockquote>
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The DJT token, which is a Solana-based meme coin, has a rather ambiguous background and it is still unclear who stands behind it and what the token is for in essence. Since its launch, market analysts and on-chain tracking firms have been keeping a close eye on the token, with observations of extensive insider trading and a very centralized distribution of tokens across a few wallets.
However, these speculations began when a rather dubious businessman Martin Shkreli, reposted a tweet stating that the DJT is an official Trump token. At the same time, X account of Pirate Wires media outlet stated that, based on the insiders, Donald Trump was personally involved in the creation of the DJT token, with his youngest son Barron assumed to be the project’s chief promoter.
<h2 id="market-reactions-and-speculations">Market Reactions and Speculations</h2>
The reactions to the <a href="https://coingape.com/trump-whales-offload-473k-tokens-what-happening/" rel="noopener noreferrer nofollow">DJT token</a> in the market have been mixed with high trading volumes which can be attributed to the interest in the token due to its link with Trump and the nature of meme coins. On Polymarket, a prediction market platform, the probability of the DJT token being an official project of Donald Trump is 20%.
Still, around $400,000 has been placed on this specific probability, signifying the high risks and interest associated with the token’s unknown creator.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Per conversations, Trump is launching an official token —&nbsp;<a href="https://twitter.com/search?q=%24DJT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DJT</a> on Solana. Barron spearheading.
 — Pirate Wires (@PirateWires) <a href="https://twitter.com/PirateWires/status/1802825492405669930?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 17, 2024</a>
</blockquote>
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Moreover, blockchain analysis companies like Bubblemaps and Lookonchain have pointed to red flags including large acquisitions of DJT tokens by potential insiders. For example, one wallet addressed dramatically increased its balance just before the token was released to the wider market, which can imply insider trading or at least the insiders’ cooperation.
Read Also: <a href="https://coingape.com/breaking-bitwise-files-amended-ethereum-etf-s-1-after-sec-feedback/#:~:text=Bitwise%20amends%20its%20S%2D1%20registration%20for%20an%20Ethereum%20ETF,to%20%24100%20million%20in%20shares." rel="noopener noreferrer nofollow">Bitwise Files Amended Ethereum ETF S-1 After SEC Feedback</a>
The post <a href="https://coingape.com/arkham-offers-150k-bounty-to-uncover-creator-of-solana-memecoin-djt/" rel="noopener noreferrer nofollow">Arkham Offers $150K Bounty to Uncover Creator of Solana Memecoin DJT</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Arkham Offers $150K Bounty to Uncover Creator of Solana Memecoin DJT

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