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Earlier today, TrumpCoin plummeted more than 98% after liquidity was removed.
Martin Shkreli claims Barron Trump is responsible for the collapse.
Shkreli said Barron is the only one with the key to getting rid of the liquidity.
Solan’s memcoin TrumpCoin (DJT), created by Barron Trump and Martin Shkreli (also known as Pharma Bro), fell in price by more than 98 percent early Tuesday morning amid a broader cryptocurrency collapse. Shkreli claims that Barron, Trump’s son, bought the token.
In DEXSCREENER data, DJT fell to market000004445 in the hours before publication, reducing its market value from more than 5.56 million to less than 500,000. The token recovered slightly to a market value of 4.450 million. However, liquidity was not locked in and fell to a dangerous level of ¥6,000.
According to Dexscreener, unlike the market crash that affected the price of cryptocurrencies in general, the price of trumpcoin collapsed due to a lack of liquidity. Initially, Cryptocurrency X accused Shkreli of stealing DJT tokens. However, he claims he doesn’t have the key to the token contract and is passing the responsibility to Baron Trump.
“Ask Baron, I don’t have the key or the token, Shkreli told X. And I don’t have any tokens, I didn’t sell any tokens today, yesterday or this month, he said elsewhere. Shkreli said the only person he knows the key from is Barron Trump.
“Well, not me. The only person I know who has the key is BT, Shkreli said accurately.
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also said that once the kid stopped returning my calls, he stopped paying attention to the token.He then suggested that Barron used TrumpCoin, but the former president’s son would not confirm that he was involved.
Shkreli said TrumpCoin was “created by Barron, a third party and myself. “But Trump’s claims of involvement in the project have been the subject of controversy in recent months.On May 6, TrumpCoin spiked because of allegations that it was linked to the Trump camp and released by Barron. It was first reported by Wires Pirates, who claimed that Donald Trump launched an official token called DJT with his son, citing some
“conversations
.
this is the first time I’ve seen this video. It was taken by the Baron, the third man and me. I feel like I’ve watched this story millions of times. I don’t have a glhf key.
But Trump supporters have not claimed rights to the report or the token and have been skeptical of the ownership issue. When pressed, Mike Solana, the creator of Pirate Wires, said he “didn’t talk directly to Trump” and “just reported what I know from sources.
In the meantime, web search experts discovered that DJT’s Telegram channel has the same administrators as the Shkreli-backed token. This discovery raised suspicions that Shkreli was behind DJT, but he denied it at the time.
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