Today, there was a rumor in the community that Trump had issued a currency, and then the media refuted the rumor, saying it was fake.
DJT, the Solana chain token, Dexscreener shows that the current FDV is approximately US$267 million, with a 24-hour increase of 218%.
Solana Chain Token Address: HRw8mqK8N3ASKFKJGMJpy4FodwR3GKvCFKPDQNqUNuEP
What is the origin of this DJT?
There is something of a conspiracy theory about DJT's rise.
On the 17th, an unconfirmed report claimed that former US President Donald J. Trump was the mastermind behind it, so it directly jumped 180%.
The news first came from Pirate Wires, whose official account posted on X: "According to the conversation, Trump will launch the official token DJT on Solana."
The newspaper said the project was "led" by Trump's son Barron.
What kind of media is this? It is reported that the newspaper is known for its critical coverage of San Francisco Bay Area politicians, its irreverent tone and its optimistic stance on technology.
Interestingly, Mike Solana, CMO of venture capital firm Founders Fund and editor-in-chief of Pirate Wires, posted the coin’s smart contract address in a reply to the above tweet.
This is a naked "influence shill".
Is this news true? Interestingly, as the incident unfolded, Mike Solana, editor-in-chief of Pirate Wires, wrote another article saying that he "has not spoken directly to Trump" and that the Republican presidential candidate "may evade or change his attitude and say that this is not true." "I am just reporting what I know through my sources," he said.
It has to be said that this media KOL, whose name is slightly similar to Solana's, spoke in a very blunt manner, giving people the feeling that he exposed an inside information that Trump would not admit.
In fact, members of the crypto community were mostly skeptical of the media outlet’s post. Ryan Selkis, founder of data provider Messari and a big Trump fan, said he guessed there was a “50% chance” the token was legitimate or a fraud.
In addition, according to Bubblemaps, about 67% of DJT’s supply is located in one cluster, casting a shadow over the future of the coin.
Why is this coin called DJT? In fact, DJT is the stock code of Trump Media Group in the US stock market. The stock has a market value of 6.1 billion and is also a Trump concept stock in the US stock market.
This company has a product called TRUTH, which is a copy of Twitter. It can be said that TRUTH is Trump’s main propaganda platform.
Trump also shill. For example, the following message was sent on the 18th, which also adds some dramatic elements and hype to the DJT token.
In the Followin's Gem Calls group, a user left a message saying that a crypto KOL named jez (@izebel_eth) might be an insider of the coin. His ETH accounts are izebel.eth and skateborad.eth. He bought 1M DJT, ranking third.
From the information I have obtained so far, this MEME coin is very risky and its information is extremely opaque. The price is very likely to rise or fall sharply due to the comments and operations of the coin issuer.
At this moment, let’s not talk about the quality of DJT. Another Trump concept coin is in trouble. Data shows that MAGA plummeted, with a 24-hour drop of more than 34%. However, MAGA has continued to fall sharply, with its high point at $17 and the current price at $7.47.
In other words, in fact, the hype about the Trump concept is currently at a low point.
Followin Telegram Group Followin's Gem Calls: https://t.me/followingemcalls
