Martin Shkreli, famously known as “Pharma Bro,” has declared his involvement in the creation of the DJT token, a Solana-based cryptocurrency that has sparked considerable intrigue due to rumors linking it to Donald Trump's family.

Speaking during an X Spaces session on June 18, Shkreli disclosed that he assisted in launching the DJT token in April under the guise of aiding a friend. He revealed that approximately 10 individuals directly participated in the token's creation, with an additional 40 to 50 people being aware of its development. While Shkreli mentioned Trump’s son, Barron Trump, as one of those aware, he did not explicitly confirm his involvement in the project.

The revelation came shortly after Arkham Intelligence offered a $150,000 bounty to identify the creator of DJT, prompted by a $100 million bet between Shkreli and prominent crypto trader GCR over the token’s authenticity.

Arkham’s bounty, posted on X, attracted attention from high-profile figures in the blockchain community, including ZachXBT, whose investigation submission reportedly influenced Shkreli’s decision to engage in the X Spaces discussion.

Meanwhile, speculation around the DJT token's origins continues to drive activity on decentralized betting platform Polymarket, where nearly $1.9 million is wagered on whether the token is linked to Trump or his family. The platform indicates a significant shift in sentiment following Shkreli’s statements, with only 17% initially betting "Yes" and the number dropping to 7% post-X Spaces.

Initial rumors regarding Trump’s involvement in DJT surfaced via tech blog Pirate Wires, citing conversations without disclosing direct sources. Pirate Wires creator Mike Solana clarified that the information did not originate from direct communication with Trump but was based on sourced information.

As of the latest update, DJT is trading at 0.012, a decline of over 66% from its peak of 0.036 earlier in the week, according to Birdseye data. The ongoing speculation and volatility surrounding DJT underscore its controversial status within the cryptocurrency community.