In a significant revelation for the crypto world, blockchain analytics platform Arkham has awarded a $150,000 bounty to crypto investigator ZachXBT. ZachXBT successfully identified the controversial entrepreneur Martin Shkreli as the creator of the Donald Trump-themed DJT token, solving a mystery that had captured significant attention.

Arkham announced the resolution of the bounty via a post on X (formerly Twitter), stating, "This bounty has been solved by ZachXBT. At 11:49 p.m. UTC, Zach submitted definitive evidence that Martin Shkreli is the creator of the $DJT token." ZachXBT responded to the post with gratitude, saying, "Thanks for going through with the bounty."

The DJT token, which had sparked considerable intrigue earlier in the week, was initially rumored to have direct ties to former U.S. President Donald Trump, following an unsubstantiated report by Pirate Wires. This rumor caused the token's value to surge by over 300% at one point on Tuesday.

Amid the frenzy, Martin Shkreli, known for his controversial past, fueled the speculation by supporting claims that DJT was the official token of the Trump campaign. He even challenged crypto trader GCR to a $100 million wager on the token's legitimacy, a bet Shkreli later claimed GCR had withdrawn from.

In a bid to uncover the truth, Arkham announced a $150,000 bounty for the first person to identify the DJT token's creator. Renowned blockchain investigator ZachXBT quickly took up the challenge. ZachXBT later revealed on X that Shkreli had admitted in a direct message to creating the token with someone referred to as "Barron," hinting at former President Trump's son, Barron Trump. However, no evidence has surfaced to confirm Barron Trump's involvement. Shkreli subsequently admitted in an X Spaces session that he had indeed created the DJT token.

Martin Shkreli, infamously dubbed "pharma bro," gained notoriety in 2015 when, as CEO of Turing Pharmaceuticals, he dramatically increased the price of a life-saving drug by over 5,000%, making it unaffordable for many patients. He was later sentenced to seven years in prison for securities fraud in a separate case and was released early in 2022.

Despite the unfolding drama, Shkreli maintains that he can prove the involvement of Trump or his family in the creation of DJT. The Trump campaign has not responded to multiple requests for comment from The Block regarding this matter.

The DJT token's price has continued to see volatility, rising by 20.72% in the past 24 hours to trade at $0.01549, according to GeckoTerminal data.