On Tuesday, Arkham Intelligence set the crypto community abuzz with a provocative post on the social media platform X. They announced a $150,000 bounty to the first person to confirm the identity of the creator of $DJT. This reward highlights the growing interest and concerns surrounding the DJT token, a Solana-based meme coin purportedly linked to former U.S. President Donald Trump, though neither he nor his representatives have officially endorsed it.
The DJT token has captured significant attention due to its ambiguous origins and the intrigue surrounding its possible connection to Trump. Market analysts and on-chain tracking firms have closely monitored the token since its launch.
Reports have noted extensive insider trading activities and a highly centralized distribution of tokens, with a large portion held in just a few wallets. These observations have fueled speculation and interest in uncovering the true identity of the token’s creator.
Reactions to the DJT token within the market have been mixed. Despite the uncertainty about its origins, the token has seen high trading volumes, driven largely by its association with Trump and the general fascination with meme coins.
On Polymarket, a popular prediction market platform, the probability of the DJT token being announced an official project of Donald Trump stands at 2%. This percentage reflects a significant gamble, as large amounts have been wagered on this specific probability, underscoring the high stakes and intense interest in the token’s true origins.
As of today, the live price of TrumpCoin is $0.01101, with a 24-hour trading volume of $180,014,331 USD. The token has seen a 4.87% increase in the past 24 hours. Despite its notable trading activity, the current CoinMarketCap ranking for TrumpCoin is 2664, and the live market cap remains unavailable. The circulating supply is also unknown, with a maximum supply set at 10,000,000,000 DJT coins.
