Convicted felon Martin Shkreli, also known as “Pharma Bro,” claims Barron Trump is the true creator behind the DJT token, which he says was even “approved” by Donald Trump.

Martin Shkreli's recent claims about the TrumpCoin (DJT) token have stirred controversy and skepticism. Shkreli, also known as "Pharma Bro," asserted that Barron Trump, the 18-year-old son of former President Donald Trump, launched the DJT token with his father's approval. Shkreli stated that Barron approached him in April for advice on creating the Solana-based token, which has now reportedly reached a value of $146 million. Shkreli emphasized that while he provided guidance, Barron Trump and his team executed the token's deployment, with the private keys held by Barron.

Key Points:

1. Claims by Shkreli:
- Barron Trump's Involvement: Shkreli claimed that Barron Trump created the DJT token and possesses the private keys.
- Approval from Donald Trump: Shkreli asserted that former President Donald Trump approved the token, backing this claim by mentioning "receipts" of Barron's statements.
- Role of Cryptocurrency Influencer: Shkreli mentioned that a crypto influencer known as "Ansem" was also involved in the token's launch.

2. Additional Allegations:
- Contact with Kraken: Shkreli suggested that there were discussions with the crypto exchange Kraken about potentially listing DJT.
- Mongolian Prince's Testimony: A teenager known as "Mongolian Prince" corroborated Shkreli's claims in an X Spaces discussion, albeit with less clarity regarding Donald Trump’s involvement.

3. Skepticism and Criticism:
- Public and Analyst Reactions: The story has been met with mixed reactions. Some believe Shkreli's version of events, while others, like venture capital partner Adam Cochran, accuse Shkreli of trying to deflect blame onto Barron Trump to protect himself.
- Potential Legal Issues: There are concerns that Shkreli's involvement with the DJT token might violate his parole conditions, though Shkreli has denied any wrongdoing.

Controversy and Reactions:

The allegations have not been publicly addressed by Barron Trump or his representatives. Given Shkreli's history and the potential implications for Donald Trump, especially in an election year, the claims have sparked significant debate within the crypto community and beyond. The controversy surrounding the DJT token continues to unfold, with many awaiting further clarification from involved parties and authorities.