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Donald Trump Liked the DJT Meme Coin: Martin Shkreli
Recently, the DJT meme coin, allegedly linked to Donald Trump and his son Barron Trump, has captured significant attention. Roger Stone, a former advisor during Trump’s presidential campaign, has addressed these rumors head-on via an X (formerly Twitter) post.
Roger Stone’s statement provides a crucial counterpoint to the ongoing allegations of the Trump family’s involvement. With substantial claims yet unverified, the crypto community remains cautiously observant.
Martin Shkreli Claims Donald Trump Liked the DJT Meme Coin
Stone said on X (Twitter) that Donald Trump and his son Barron are not involved in any way with the DJT meme coin. Despite this clarification, there has been no official statement from either Donald Trump or his 18-year-old son Barron.
Amid these developments, contrasting views have emerged from other notable figures. Former New York legislator Ben Geller has expressed concerns about the coin’s link to Barron, referring to it as a potential PR disaster.
“I believe from reputable sources that Barron was [involved], then backed away once things were absolutely destroyed by the developer. This was a PR disaster,” Geller said.
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024
Moreover, Martin Shkreli contradicts these clarifications by asserting that Barron had Donald Trump’s permission to initiate the meme coin project. Shkreli, known for his controversial background, revealed that the meme coin was developed on Barron’s computer.
“The attempt to evade and equivocate is just absurd. It doesn’t change the fact that there are 200 million bucks here. Nobody’s saying no to 200 million bucks in the Trump family,” Shkreli said.
Shkreli also insisted that he had no financial interest in the project, highlighting his advisory role. According to Shkreli, his involvement was primarily consultative, aimed at ensuring the success of the meme coin rather than securing immediate financial benefits.
Additionally, Shkreli shared insights into the operational aspects of the project, indicating that it was a collaborative endeavor. He also claimed that Barron Trump controls the private keys of the DJT meme coin.
In their planning stages, Shkreli and Barron engaged with key figures in the crypto ecosystem, including crypto influencer Ansem.
“We spoke with Ansem about five or six times. Initially, we thought having 70% of the supply in Trump’s hands would make sense,” Shkreli claimed.
However, after further discussions, they revised their strategy, ultimately deciding to allocate 50% in liquidity pools. This decision was influenced by feedback that demonstrated their initial plan was impractical.
In a bold statement, Shkreli suggested that Donald Trump approved the DJT meme coin. He implied that the former President was informally supportive of the venture.
Read more: 11 Top Solana Meme Coins to Watch in June 2024
“Barron told me his dad was in on it. His dad liked it,” Shkreli stated.
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XRP Price Ready to Rally? Signs Point to a Bullish Move
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Market
Solana (SOL) Rallies Strongly, Setting Sights on $200
Solana started a fresh increase above the $172 support zone. SOL price is rising and might soon aim for a move toward the $200 level.
- SOL price started a fresh increase after it settled above the $165 level against the US Dollar.
- The price is now trading above $172 and the 100-hourly simple moving average.
- There was a break above a key bearish trend line with resistance at $162 on the hourly chart of the SOL/USD pair (data source from Kraken).
- The pair could continue to rise if it clears the $192 resistance zone.
Solana Price Starts Fresh Rally
Solana price formed a support base and started a fresh increase above the $162 level like Bitcoin and Ethereum. There was a strong move above the $165 and $172 resistance levels.
There was a break above a key bearish trend line with resistance at $162 on the hourly chart of the SOL/USD pair. The price even cleared the $185 level. A high is formed at $192 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $155 swing low to the $192 high.
Solana is now trading above $172 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $192 level. The next major resistance is near the $195 level.
The main resistance could be $200. A successful close above the $200 resistance level could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level.
Another Dip in SOL?
If SOL fails to rise above the $192 resistance, it could start a downside correction. Initial support on the downside is near the $188 level. The first major support is near the $180 level.
A break below the $180 level might send the price toward the $172 zone or the 50% Fib retracement level of the upward move from the $155 swing low to the $192 high. If there is a close below the $172 support, the price could decline toward the $165 support in the near term.
Technical Indicators
Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.
Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.
Major Support Levels – $188 and $185.
Major Resistance Levels – $192 and $200.
Market
Will Bulls Push It Higher?
Ethereum price started a fresh surge above the $2,650 resistance. ETH is up over 10% and might aim for a move above the $2,850 resistance.
- Ethereum started a fresh surge above the $2,650 resistance zone.
- The price is trading above $2,700 and the 100-hourly Simple Moving Average.
- There is a new connecting bullish trend line forming with support at $2,730 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could continue to rise if it settles above $2,850 and $2,880.
Ethereum Price Extends Surge
Ethereum price started a fresh increase above the $2,550 resistance like Bitcoin. ETH was able to climb above the $2,550 and $2,650 resistance levels to move into a positive zone.
It even surged above the $2,720 level in the past few sessions, beating BTC. It is up over 10% and there was a move above $2,800. A high is formed at $2,848 and the price is showing signs of more upsides. It is holding gains above the 23.6% Fib retracement level of the upward move from the $2,357 swing low to the $2,848 high.
Ethereum price is now trading above $2,700 and the 100-hourly Simple Moving Average. There is also a new connecting bullish trend line forming with support at $2,730 on the hourly chart of ETH/USD.
On the upside, the price seems to be facing hurdles near the $2,850 level. The first major resistance is near the $2,880 level. The main resistance is now forming near $2,950. A clear move above the $2,950 resistance might send the price toward the $3,000 resistance.
An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,250 resistance zone.
Are Dips Supported In ETH?
If Ethereum fails to clear the $2,850 resistance, it could start a downside correction. Initial support on the downside is near the $2,800 level. The first major support sits near the $2,720 zone and the trend line.
A clear move below the $2,720 support might push the price toward $2,650. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $2,850
Major Resistance Level – $2,720
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