DJT Token Crashes Over 99.99% Amid Major Sell-Off, Allegedly Involving Barron Trump and Martin Shkreli

Aug 6, 2024, 08:42 AM

The newly launched cryptocurrency token DJT, allegedly involving Barron Trump and Martin Shkreli, has experienced a dramatic decline. The token, which was created on the Solana blockchain, plummeted over 99.99% according to reports. This significant drop occurred after a single wallet sold $2 million worth of the token, causing its market capitalization to fall from approximately $50 million to less than $5 million. The DJT token, also known as TrumpCoin, saw a 92% drop in the last four hours and a 90% decline overall. The sudden sell-off by a holder of 20% of the token's supply is believed to have triggered the crash.