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Trump to issue official token DJT? Cryptocurrency community flooded with memes, Arkham vows to uncover the mastermind behind the scenes

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Trump to issue official token DJT? Cryptocurrency community flooded with memes, Arkham vows to uncover the mastermind behind the scenes

U.S. presidential candidate Donald Trump has recently openly endorsed cryptocurrencies. Rumors circulated online yesterday that his team has issued an official token, DJT, on Solana, which saw a price surge of up to 800%. Blockchain analytics firm Arkham has offered a $150,000 reward to uncover the mastermind behind this meme frenzy!

Trump vows to end the crypto enforcement war and advocates for the crypto industry to settle in Florida.

Did Trump Launch Official Token DJT?

Tech media Pirate Wires tweeted yesterday, June 18, claiming that Trump has officially launched the official token DJT on Solana, and even stated that Trump's son Barron is the mastermind behind it.

However, this news has not been officially confirmed, and blockchain data company Bubblemap also believes that this is likely fake news as 67% of the token supply is concentrated in one group.

DJT Surges, Arkham Issues Bounty

According to data from GeckoTerminal, the token surged 34% in the past 24 hours, with a peak increase of 800%, and trading volume exceeding 400 million USD. Meanwhile, the meme coin MAGA, associated with Trump, also rose by 9.1%.

Against the backdrop of a lack of speculative topics in the crypto community recently, both Bitcoin and Ethereum have been consolidating sideways. The surge of DJT yesterday indeed sparked discussions within the community, creating another frenzy of memes. On-chain analytics firm Arkham even issued a bounty, offering a $150,000 reward to the first person who can identify the creator of DJT! They vow to expose the mastermind behind it.