Blockchain investigator ZachXBT recently unveiled that the creator of TrumpCoin (DJT) is none other than Martin Shkreli, the infamous financier who was sentenced to over six years in prison for securities fraud and conspiracy.

The revelation came after Arkham announced a $150,000 bounty for identifying the DJT creator. ZachXBT tweeted the following timeline of events:

“Earlier today Arkham announced a $150K bounty for the identity of the DJT creator.

11:49 pm UTC: I reply to Arkham saying I submitted for the bounty.
11:57 pm UTC: Martin Shkreli panic DM’s me.
12:27 am UTC: Martin Shkreli creates a Spaces and announces he is the creator of DJT.”

Following the revelation, significant insider activity was reported. Verso.sol, a major DJT insider, dumped $832,000 worth of DJT and then deposited USDC to a centralized exchange. This individual is also a large holder in Shkreli’s other project, Shoggoth.

An account named CWR, who served as the admin of the DJT Telegram group, is very active in Shkreli’s public Discord server, boasting over 1,000 messages. CWR, whose Discord username is ‘cameronrox,’ has referred to himself multiple times as Cameron Roxborough and claimed to have attended school with Barron Trump. Last night, CWR exited both the Telegram group and Discord server, but his messages remain in the Discord server.

Insider Sold 58.71 Million DJT For 9,870 SOL

According to on-chain data from Lookonchain, an insider sold all 58.71 million $DJT (TrumpCoin) for 9,870 $SOL ($1.37 million) today, making 7,507 $SOL ($1.04 million) in just two days.

Another insider made a significant profit by buying a large amount of $DJT before the revelation and sold it for over $1 million.

This individual created a new wallet three days ago, withdrew 72 $SOL from Binance, spent 67.1 $SOL ($9,400) to buy 58.87 million $DJT, and sold it for 7,387 SOL ($1.03 million) and 10,241 $USDC, achieving a 110x gain.

The unmasking of Shkreli and the subsequent insider trading activities have raised significant concerns within the crypto community, highlighting the ongoing need for vigilance and transparency in the sector.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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