- Martin Shkreli debunked Roger Stone's claim that Donald Trump and his son are not involved in the DJT token.
- Speculations surrounding the meme coin claim that Shkreli is a fraud and may soon return to prison.
- An insider in Trump's campaign also spoke up against the former president's involvement in the token.
More drama unfolded on Thursday after Martin Shkreli spoke against Roger Stone, who claimed that neither Barron Trump nor ex-president Donald Trump are involved in the DJT token.
Trump campaign insiders dispute ex-president involvement, Shkreli refuses to back down
The controversy around the Donald Trump-themed DJT meme coin and Martin Shkreli's alleged partnership with the ex-president's son Barron Trump in launching the token has continued to breed new sides to the story.
Read more: TRUMP holders take profits, leaving supply on exchanges near six-month high
Early on Thursday, Trump's former campaign advisor Roger Stone claimed that the ex-president had nothing to do with the meme coin. Stone's claim stirred a series of back-and-forth posts by Martin Shkreli, who continued to hold his stand on the legitimacy of the token and its association with Trump.
.@realDonaldTrump and son Barron NOT involved in any way with $DJT https://t.co/0O8IASO9UB
— Roger Stone (@RogerJStoneJr) June 20, 2024
Martin Shkreli posted a reply to Stone's claim, suggesting that he "doesn't know Barron."
"Roger Stone doesn't know Barron and is paid by another (fake and gay) Trump meme coin," said Shkreli in an X post on Thursday.
Shkreli went on to host a live Space broadcast on X, where he discussed Barron's participation with the token and challenged Trump's campaign to deny his allegations.
Also read: Could DOGE see a rally amid quietness in the meme coin sector?
Although several crypto community members still oppose him with the fraud and ex-prisoner tag, Shkreli has gathered more people who have supported the token's legitimacy.
According to a DL News report, another insider from Trump's political campaign dismissed the news of his involvement.
"An insider with direct knowledge of decisions surrounding the Trump campaign has now told DL News that the campaign wasn't involved in the project," the report stated. However, the ex-president has yet to comment on the issue.
Meanwhile, crypto analyst ZachXBT submitted evidence to a bounty from blockchain Intelligence Arkham, revealing that Shkreli was DJT's founder after he earlier denied being involved in the token's creation.
The price of DJT has fallen drastically over the last 24 hours, dropping by 79% after heavy selling activity from holders.
DJT's decline follows substantial losses across several recently launched meme coins in the past month, especially given the popularity of celebrity meme coins, many of which have turned out to be pump-and-dump schemes.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Dogecoin Price Prediction: Profit-taking in DOGE hits monthly high, raising the risk of a crash
Dogecoin (DOGE) hovers below its key weekly level of $0.18 at the time of writing on Monday, signaling a waning of bullish momentum. DOGE is flashing early warning signs, as on-chain data indicates rising selling pressure among holders, with profit-taking having surged to a monthly high and dormant wallet activity rising.
SPX6900 Price Forecast: Bullish continuation eyes new all-time high
SPX6900 (SPX) meme coin edges higher by almost 2% at press time on Monday, following a 4.71% brilliant recovery the previous day. The renewed confidence of whales in the meme coin is suspected to have catalyzed the recovery, resulting in increased optimism in SPX derivatives.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP stabilize near critical support levels
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of stabilization around key support levels after a recent correction last week. BTC attempts to regain strength after closing below its critical support level, while ETH and XRP hover near technical thresholds that could determine the direction of their next moves.
Top Crypto Gainers Price Prediction: Jito, Bitcoin Cash, and Solana lead the market recovery
The broader cryptocurrency market ended the previous week with a minor recovery on Sunday. Holding gains from the prior day, Jito (JTO), Bitcoin Cash (BCH), and Solana (SOL) are the top performers over the last 24 hours. Despite a minor pullback on Monday, JTO, BCH, and SOL are close to breaking out critical levels, potentially extending gains this week.
Bitcoin: BTC could slump to $100K amid Trump-Musk tussle
Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.