DJT, a Crypto token issued two months ago on the Solana blockchain, rose 180% on Monday following an unconfirmed report that former US President Donald J. Trump was behind it.
If true, it would be the first time a presidential candidate from a major political party has created a Cryptocurrency – but at press time, that seems like a big “if.”
“According to conversations, Trump is launching an official token – $DJT on Solana,” published Pirate Wires, a maverick media outlet, on X (formerly Twitter).
Trump’s son Barron is “spearheading” the project, said the publication, known for its critical reporting on San Francisco Bay Area politicians, irreverent voice and optimistic stance on the with regard to Technologies.
Mike Solana, chief marketing officer at venture capital firm Founders Fund and editor-in-chief of Pirate Wires, posted a smart contract address in response to the publication’s tweet “for more visibility.”
He then clarified that he “hasn’t spoken directly with Trump,” and said it’s possible the Republican presidential candidate “could take a shot, or pivot, and say that’s not true “.
“I’m just reporting what I know via sources,” said Mike Solana (sharing a name with blockchain is a coincidence).
The Trump campaign did not immediately respond to a request for comment.
Reactions from members of the Crypto community to the report have been largely skeptical. Ryan Selkis, founder of data provider Messari and a staunch Trump supporter, said he believes the chances are “50-50” that his preferred candidate will be associated with the token.
