- Roger Stone denies Donald Trump endorsed the new “Trump Coin.”
- Polymarket suggests an 80% chance DJT is fake.
- Blockchain firms Bubblemaps and Lookonchain highlight DJT’s high supply concentration.
Donald Trump’s former adviser, Roger Stone, has dismissed rumors linking the newly launched “Trump Coin” to the former U.S. president. On Monday, a token named “Trump Coin” debuted on the Solana blockchain under the “DJT” ticker, generating a buzz within the cryptocurrency market.
However, the former advisor has reiterated that neither Donald Trump nor his son has endorsed the meme coin.
DJT went viral after tech publication Pirate Wireless wrote that it reportedly launched with the former president’s consent. The token launch comes amid the buildup to Trump’s campaign for November’s forthcoming U.S. presidential election. Notably, the ticker “DJT” is associated with Trump’s social media platform, Truth Social, which has gained popularity in the meme sector.
Nonetheless, the popular market prediction platform Polymarket posted an 80% probability that DJT is a fake Trump token, with $400,000 staked in this outcome. This significant bettin…
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