Trump Coin

Donald Trump

Stone

Coin

<a href="https://bitcoinworld.co.in/advisor-roger-stone-denies-donald-trumps-involvement-in-launching-djt-memecoin/" title="Advisor Roger Stone Denies Donald Trump’s Involvement in Launching DJT Memecoin" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Advisor Roger Stone denies Donald Trump endorsed the new Trump Coin DJT&nbsp;</li>
 <li style="font-weight: 400">Polymarket suggests an 80% chance DJT is fake.</li>
 <li style="font-weight: 400">Blockchain firms Bubblemaps and Lookonchain highlight DJT’s high supply concentration.</li>
</ul>
Donald Trump’s former adviser, Roger Stone, has dismissed rumors linking the newly launched “Trump Coin” to the former U.S. president. On Monday, a token named “Trump Coin” debuted on the Solana blockchain under the “DJT” ticker, generating a buzz within the cryptocurrency market.&nbsp;
However, the former advisor has reiterated that neither Donald Trump nor his son has endorsed the meme coin.
<a href="https://bitcoinworld.co.in/djt-coin-surged-230k-in-trading-activity-is-donald-trump-playing-a-part-in-its-rise/" rel="noopener noreferrer nofollow">DJT</a> went viral after tech publication Pirate Wireless wrote that it reportedly launched with the former president’s consent.&nbsp;
The token launch comes amid the buildup to Trump’s campaign for November’s forthcoming U.S. presidential election.&nbsp;
Notably, the ticker “DJT” is associated with Trump’s social media platform, Truth Social, which has gained popularity in the meme sector.
Nonetheless, the popular market prediction platform Polymarket posted an 80% probability that DJT is a fake Trump token, with $400,000 staked in this outcome.&nbsp;
This significant betting activity reflects both interest and skepticism within the crypto community.
Blockchain tracking service Bubblemaps doubts Trump Coin’s authenticity, saying, “No way $DJT is actually from Donald Trump. 67% of the supply is in one cluster.” The company also advised investors against investing in the Solana meme coin.
Bubblemaps added,&nbsp;
“Important complementary info: Holder #1 is Raydium Concentrated Liquidity with 43% of the supply. 46% of the supply is held by one cluster, with AxJcErA5 sending $DJT to 140 wallets.”
Moreover, blockchain analytics firm <a href="https://lookonchain.com" rel="noopener noreferrer nofollow">Lookonchain</a> reported that a potentially new insider address purchased 52.09 million DJT tokens worth $188,000 (1,363) SOL before Private Wireless’s publication.&nbsp;
Following the news, the wallet took an extra 1,000 SOL ( $138,000) from Binance to acquire 6.62 million DJT tokens. This wallet now holds DJT $1.56 (58.71 million) worth of, making it the third-largest Trump Coin holder.
Lookonchain also highlighted the token’s volatility, detailing the case of an investor who spent 2,500 SOL (about $342,100) to acquire 91,705.6 DJT.&nbsp;
Upon selling, the trader recouped only 4.91 SOL ($673), losing $341,400 in less than a minute.

Advisor Roger Stone Denies Donald Trump’s Involvement in Launching DJT Memecoin

ItsBitcoinWorld

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