It has been reported that Barron Trump and Martin Shkreli have joined forces to launch a cryptocurrency bearing the Trump name, and it has experienced a significant surge in value.
Shkreli, known for his controversial history and conviction for securities fraud, is now collaborating with the youngest son of former President Donald Trump.
The new digital currency, named DJT TrumpCoin, saw a remarkable 385% increase in value within 24 hours on Tuesday and achieved a trading volume of $363 million.
During a live stream, Shkreli stated, “About three months ago I started working with two other guys, one of whom was a Trump family member to create Trump Coin. I was surprised. It was the president’s son, [which] seems like a good idea. He [Barron] wants to make money.”
Barron Trump, who recently graduated from high school and is preparing for college, is also pursuing personal ventures in his free time.
While Donald Trump made his fortune in real estate, it seems Barron is eyeing the cryptocurrency market as a way to follow in his father’s footsteps and build wealth.
The coin was initially registered on the Solana blockchain platform on Monday, as reported by Fox Business. However, it wasn’t until news of Barron Trump’s involvement surfaced that the coin gained significant trading volume, amassing millions.
Despite claims from Shkreli that he created the coin with Barron Trump, there has been no confirmation from the Trump camp. Barron maintains a low public profile and rarely makes appearances or public statements.
Likewise, Donald Trump has not commented or confirmed his awareness of the collaboration.
Interestingly, TrumpCoin shares the same DJT ticker as Trump’s Truth Social platform, leading to speculation that it may have been developed in collaboration with the Trump camp. However, at present, Shkreli’s comments are the only source of information on this matter.
Melania Trump has intentionally shielded Barron Trump from the public eye, particularly during his high school years.
With his graduation and upcoming college enrollment, he is expected to maintain a low profile and is unlikely to be involved in the 2024 presidential campaign.
The Trump family has endured harsh treatment from the left, who are eagerly awaiting any opportunity to launch vicious attacks on Barron Trump.
It is conceivable that the Trump family may never officially acknowledge Barron Trump’s rumored association with Shkreli, and the impact this might have on TrumpCoin remains uncertain.
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