Rumor has it that the Trump-issued token DJT rose 180% in a single day, but the community is skeptical

Odaily Odaily News DJT, a cryptocurrency issued on the Solana blockchain two months ago, rose 180% on Monday after unconfirmed reports revealed that the token was issued by former US President Donald Trump. Pirate Wires cited unnamed sources as saying that Trump's son Barron is leading the project. DJT is the stock code of Trump's social media platform Truth Social. Since its listing in March this year, DJT's stock price has risen to $79.38 and is currently around $35. Mike Solana, chief marketing officer of venture capital firm Founders Fund and editor-in-chief of Pirate Wires, also published a smart contract address in response to related posts. As of press time, the market value of the tokens in the contract is $177 million. However, Mike Solana later clarified that he "did not talk to Trump directly" and said he "might beat around the bush and say that this is not true." The Trump campaign has not commented yet. Members of the crypto community are largely skeptical about this. (CoinDesk)